Skip to main content

Solutions

Law firms

Tax, audit & accounting firms

Corporations

Governments

Products

Legal

Trade & supply

Tax, audit & accounting

Corporate tax

Risk & fraud

Books

Recommended products

Questions? We are here to help.
Contact us

Purchase

Buy solutions

Buy books

Contact sales

Questions? We are here to help.

Resources

Insights

Events

Product training

Product communities

Developers

Time and Expense

Control Date and Date fields in receipt and adjustment entry

In the
Receipt and Adjustment Entry
 screen in Practice CS, the
Control Date
, and
Date
 fields work differently. Understanding how each field works ensures receipts are posted to the correct period.
The
Receipt and Adjustment Entry
 screen in Practice CS uses 2 date fields: the
Control Date
 and the
Date
 field on each transaction line.

Control date

The control date groups individual receipt or adjustment transactions into a logical set. Your firm can use a control date to represent a single day or multiple days. A common approach is to use a control date to represent a specific bank deposit, where each receipt in that deposit shares the same control date.
note
The control date doesn’t determine which period a receipt is posted to.

Date

When you enter a control date, Practice CS opens a data-entry grid where you enter individual receipt transactions. Enter a value in the
Date
 field for each receipt or adjustment entry. The date you enter in this field determines which period that individual receipt or adjustment is recorded.
For example, if you date a receipt 5/31 but enter it under a control date of 6/1, it will appear on reports as a May payment.
note
For former users of the Creative Solutions Practice (CSP) application: This is the opposite of how dates work in CSP, where transactions are posted according to the control date used in A/R Entry.

This article applies to:

  • Product: Practice CS