Account balances using date ranges: what if the transaction date does not match the financial period?

Created by Damien Zwillinger, Modified on Tue, 26 Sep 2023 at 11:25 PM by Damien Zwillinger

Overview

Acumatica allows a transaction from a specific date to be posted to a different financial period.

This is particularly useful when creating year-to-date (YTD), month-to-date (MTD), or quarter-to-date (QTD) reports.

When calculating account balances using dates instead of financial periods, Velixo does NOT include those transactions which are within the date range but have been posted to a different period.

Example

Let's assume the following three transactions have been posted to account 11000:

Date	Amount	Period
May 5, 2021	75.00	04-2021
May 6, 2021	100.00	05-2021
May 7, 2021	150.00	06-2021

If we were to use the ACCOUNTTURNOVER function to report the account turnover for May 5, 2021 through May 7, 2021...

  =ACCOUNTTURNOVER("Connection","Actual",,"11000",,,$C$3,$C$4,1)

The results would be $100.00 (the amount of the transaction from May 6, which was posted to period 05-2021).

The transactions from May 5 and May 7 affect ONLY the balances in the financial periods to which they were posted (04-2021 and 06-2021, respectively).