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Payment date and Closed date
Payment date and Closed date

What is the difference between the payment date and closed date?

Beau O'Hara avatar
Written by Beau O'Hara
Updated over 3 years ago

Summary

The Date (payment date) field is the date of receipt of payment. This date will dictate when the payment is displayed on the Income Report.

Key Points

  • Show or hide the Closed Date field

  • View the payment date in the Income report

  • View the closed date in the Deposit report

The Closed Date field can be hidden or shown based on the company setting to [x] Close New Payments Automatically and when this setting is off, you will see the Closed Date field in the Payment dialog box. This date will dictate when the payment is displayed on the Deposit Report. When creating a new payment and this field is displayed, you have the option leave this date blank and add a date at the time you are depositing the payment.

The Receipt # field can be used to input a Deposit Slip # or a Deposit Date reference number.  This field is displayed on the Deposit Report.

Date = Date payment was received and is reflected in the Income report.

Closed Date = Date payment was deposited and is reflected in the Deposit report.

Note If you have selected  [x] Close New Payments Automatically in Settings/Invoices the Close Date will not appear in the Payment dialog box.

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