Wanted brief idea about posting date, document date, entry date

Question

Hi guyz!
basically am an tech consultant. But wanted to have brief idea about the following business process. scenario is like this:
in inventory management, we are doing some inter facility transfer. i.e., for a particular plant, we are having multiple storage locations. so due tosome reasons, we are transfering stock from one storage location to another storage location. so in this context can anybody say what are the followings:
1. posting date
2. document date
3. entry date
waiting for proper response.
manas

Answer 1

Hi Manas,
The Document Date is the date in which the business transaction for the Documente(e.g., a transfer of posting) took place. The document date is the date on which the original document was issued.
The document date can, for example, refer to the creation date of the delivery note issued by the vendor or the internal goods receipt slip.
The Posting Date determines the posting period and defines in which fiscal period a document will post (regardless of the Document or Entry date). It is the date which is used when entering the document in Financial Accounting or Controlling. The periods that are permitted for posting are determined by Accounting Services. This is the date that G/L Account Balances are updated.
The fiscal year and the period for which an update of the accounts specified in the document or cost elements is made, are derived from the posting date. The Posting Date will override the Fiscal Period entered on a document if they are different.
When entering documents, the system checks whether the posting date entered is allowed by means of the posting period permitted.
The posting date can differ from both the entry date (day of entry into the system) and the document date (day of creation of the original document).
The Entry Date is the date the transaction was actually "permanently entered" into R/3.
Note: It is possible that an invoice was issued with a Document Date of 6/15/98, entered into R/3 on 7/15/98 (Entry Date) with a Posting Date of 6/30/98 (to post the Document in the previous fiscal year). Many times, all three of these dates are the same.
Thanks,
Susmitha.
Mark helpful answers.