https://aipb.org/community/bookkeeping-general/after-the-fact-transactions/ American Institute of Professional Bookkeepers Discussion Board en-US Mon, 17 Aug 2026 17:35:31 +0000 wpForo 60 https://aipb.org/community/bookkeeping-general/after-the-fact-transactions/#post-4814 Wed, 17 Sep 2025 00:38:35 +0000 Understand that I'm neither an accountant nor a bookkeeper, and I've had only one class on the subject, nearly four decades ago. But I've been told that at least some accounting software allows after-the-fact transactions, that might have happened a week or more before they were entered, to be entered with the date on which they occurred, rather than the date of entry. How can this work without either driving the software insane, or breaking GAAP, or both?

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