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- Trade Date. Default. When the systems set the accounting date for a transaction, the accounting date is equal to the trade date if the accounting period is open. Otherwise, the system uses the latest open accounting period.
- Trade Date + 1 Business Day. Also called T + 1. If you select this value, you can set up period close rules using the Add Period Close Rule panel to identify the types of transactions that use Trade Date + 1 Business Day to identify the accounting date. For included transactions, when the systems set the accounting date for a transaction, the accounting date is equal to the trade date plus one business day if the accounting period is open. Otherwise, the system uses the latest open accounting period.
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