Edit - Transactions should be recorded in the period they happened in. This is the matching principle. If you bought something in July then it's a July item. It doesn't matter when the credit card posted it on their end.
Transactions can be any activity that moves money into or out of your accounts — deposits and credits, withdrawals and debits, payments and transfers, and more. Posting refers to the way those transactions are applied to your account balance.
“Post Date” is the date the transaction is received by the card issuer. “Trans Date” is the date a transaction is made. This statement shows the transactions made under two credit cards, 4565- and 4541 -).
The transaction date represents the time at which ownership officially transfers. In banking, the date a transaction appears in the account is also referred to as the transaction date, although it is not necessarily the date on which the bank clears the transaction and deposits or withdraws funds.
What do you mean by posting date and transaction date on my statement? The transaction date is the date when you make a purchase or a cash withdrawal. The posting date is when the transaction is received to your account. We charge interest from the posting date.
verb. post·date (ˈ)pōs(t)-ˈdāt. 1. : to assign a date to that is later than the actual or current date. postdate a check.
Definitions. Postterm pregnancy is defined as pregnancy that has extended to or beyond 42 weeks of gestation (294 days), or estimated date of delivery (EDD) + 14 days (ACOG, 2004). The terms prolonged pregnancy, postdates and postdatism are synonymously used to describe the same condition.
Most transactions post at the end of each business day but posting order and times can vary. Business days for banks are generally Monday - Friday from 9am to 5pm, excluding federal holidays. Transactions received outside of these hours, including on weekends, are usually posted on the next business day.
Meaning of post-date in English
to write a date on a document, especially a cheque, that is later than the date on which you are writing it: If you cannot trust the salesman to wait until the date on a cheque before presenting it, then post-dating it is pointless.
Posting is the transfer of journal entries to a general ledger, which usually contains a separate form for each account. Journals record transactions in chronological order, while ledgers summarize transactions by account.
What is the difference between transaction dates and value dates? Transaction dates are the dates on which transactions are carried out by customers. The bank is informed of a transaction on the same day. Value dates are the dates on which transactions are recorded by a bank.
A posted transaction is a transaction that has been fully processed and completed. Typically financial institutions will “post" all transactions that have been presented to your account at the end of the day. It's important to know how your bank prioritizes items to be debited from your account.
The date on which the transaction is posted does not affect when the activity will show in General Ledger; this is determined only by the date in the Post Date field. Transaction Date. The Transaction Date, also referred to as the Document Date, is the date the transaction was created.
What Is a Post Date? The post date is the day, month, and year when a card issuer posts a transaction and adds it to the cardholder's account balance. It is the date on which funds are taken or added to an account. Also called the settlement date, the post date can be on the same day as the transaction date.
Pending transactions haven't been fully processed by your bank or credit card company, while posted transactions have. Whether money is withdrawn from or deposited into your account, both types of transactions will start as pending until they are fully processed and posted.
In general, the date that a transaction posts to their account, as opposed to the date the transaction actually took place, will be of little consequence to the average cardholder. One exception, however, is when the cardholder makes their payment to the credit card issuer.
The transaction date is the date on which the activity was debited or credited from your available credit. If it was a purchase, it was the date in which you made the purchase at a merchant. The posting date is the date when the transaction was processed on your account.
Examples from Collins dictionaries
Postdated checks were used to make payment for a future date. If you postdate a check or other document, you put a future date on it so that it is not valid until then. It is inadvisable for a payee to take a postdated check in satisfaction of an outstanding debt.
Posted date = when the invoice/receipt should hit the financial ledgers. Document date and Due Date are linked. The due date is calculated from the document date based on the payment terms.
Send a casual text saying you had a good time.
This is usually best if you're interested in going out again. You do not need to gush about what a great time you had, but just send something simple. For example, "I had a great time with you yesterday. Hope we can do it again soon!"
post-date something to write a date on a cheque that is later than the actual date so that the cheque cannot be cashed (= exchanged for money) until that date.
"Posting" in online banking typically refers to the process of a deposited check being credited to your account. When a check is deposited from another bank, the "posting" occurs when the funds from that check are made available in your account balance after the bank processes and verifies the deposit.
The relevant date which affects the books of account is the posting date while doc date and the entry date are just references. Entry date is the system date ie the day when you post the entry.
Financial institutions generally take 1-2 business days to process transactions so, for example, a transaction made on Saturday could be processed on the Tuesday. Some banks display the date the transaction was made and others display the date it was processed.