For our Asia-Pacific customers, the term "Trust Account" is used, while European customers refer to it as "Client Account". It's important to mention that the Client/Trust Accounting functionality does not apply to customers in North America. For further information on regional terms, check out our Glossary of Regional Terminology.
The Financial Report Date Settings feature allows you to determine how dates are filtered across financial reports in your Re-Leased account. This global setting affects date handling for all companies under your billing group, ensuring consistent reporting across your portfolio.
Affected Reports
This setting impacts the following financial reports:
- Bank statement report
- Cash book report
- Bank client/trust account reconciliation report
- Trial balance report
Date Type Options
There are two primary date types you can choose for your reports:
Transaction Date
When selected, reports will display data based on when transactions actually occurred. This option shows financial activity according to when the economic event took place, regardless of when it was recorded in the system.
Definition: When the transaction occurred
Processed Date
When selected, reports will display data based on when transactions were recorded in the Re-Leased system. This option shows financial activity according to your team's data entry timeline.
Definition: When the transaction was recorded in Re-Leased
How to Configure Report Date Settings
- Navigate to Settings → Financial Reports
- Under the "Financial reports - All companies" section, locate the "Report date type" options
- Select either "Transaction date" or "Processed date" from the dropdown menu
- Click the "Save" button to apply the changes
Important Notes
- This setting applies globally to all companies in your billing group
- Changing this setting will not affect how historical data appears in reports
- Users may need to clear their browser cache to see the updated settings take effect
Best Practices
- For accounting purposes: "Transaction date" typically provides the most accurate financial picture aligned with standard accounting practices
- For operational tracking: "Processed date" can help monitor internal workflows and data entry efficiency
- For consistency: Choose the option that best aligns with how your organization uses other financial systems
Support
If you have questions about configuring your report date settings or need assistance understanding the implications for your specific reporting needs, please contact customer support.
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