POSTING_DATE_METHOD is an optional field which controls the accounting period to which general ledger entries are to be attributed and by default, entries for a pay period are allocated based on the type of payment. Post all entries based on the ‘Pay Period End Date’ or the ‘Pay Issue Date’, or post by the ‘Derive Fiscal’ (most commonly used) method.

For the Derive Fiscal method, all pay line transactions use the Pay Line Start date to determine the fiscal period. All internally generated amounts are posted by the Pay Issue date’s fiscal period.

For example, a pay period ending on the 28th November has a check issue date of 3rd December, which means the pay line transactions will be journalized against the November accounting period and the internally calculated amount such as taxes, company benefits will be journalized against the December accounting period. If there is a need to process all of the entries in December then all of the G/L Accounts should be set up with a Posting Date Method of ‘Pay Issue Fiscal’. If all the entries are to be journalized in November then ‘Pay Period End Fiscal’ should be the method.

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