What is the best practice on transaction datesand posting period? Should we set the Allow Transaction Date Outside Posting Period to Warn, Allow or Disallow? There are valid scenarios where the transaction date and posting period will be different. For instance, we received a Vendor Bill only on January 2022 but it is dated December 2021 (which is already closed). In order for the Vendor Bill to bear the correct transaction date and due date (although this can be manually overridden), we use the actual date that may result in a mismatch. But obviously this causes issues in reports that are based on dates or posting periods although we can set the individual preferences in Report By Period. So, do we allow mismatch but ensure that everyone's preference is set to Report By Period is Always?

Allow mismatch. Report by period always. Saved search for showing stuff that's wrong. Also - some things never should have date period mismatch, like Cash/Bank accounts

Perfect! Thank you!