2.8. Processing Date

The processing date is the date that you enter each time you start up Equity. You can accept the default date or overwrite it if you will be mainly processing information for a different date.

Note : Overwriting the processing date is not advised as it can lead to errors if you are not 100% sure of what you are doing. It is safer to accept the default date and adjust the date of the actual transaction(s) you are posting.

When entering transactions you can always over-write the processing date, but there a few rules that govern whether a particular date is valid or not. These are:-

You cannot back-date transactions past the start of the current financial year.

e.g. You have done an End of Month for June, and June is the end of your financial year. You will not be able to process any information dated June, May, April etc.

You cannot forward-date transactions past the end of month until an End of Month is done. The only exception is invoices which can be forward dated, but cannot be updated until an End of Month has been run.

e.g. You have not done a Debtors End of Month for August. You will not be able to enter any debtors transactions with a processing date of September until you have done a Debtors End of Month for August.