What is reference date in SAP SBO - SAP Business One?

SAP Term: reference date

• Component: SBO

• Component Name: SAP Business One

• Description: A key date used for calculations or sorting purposes. In most cases, this date is the same as the posting date.

Smart SAP Assistant

• Key Concepts: 
  Reference date is a feature in SAP Business One (SBO) that allows users to set a specific date for a transaction. This date is used to determine the accounting period for the transaction and can be used to track the progress of a transaction over time. The reference date is also used to determine the exchange rate for currency transactions. 
  
  How to use it: 
  In SBO, the reference date can be set when creating a new transaction. The user can select the desired date from the calendar or enter it manually. Once the reference date is set, it will be used for all subsequent transactions related to that particular transaction. 
  
  Tips & Tricks: 
  It is important to remember that the reference date should be set before any other information is entered into the transaction. This will ensure that all related transactions are accounted for correctly and that the exchange rate used is accurate. 
  
  Related Information: 
  The reference date feature in SBO is closely related to other features such as posting periods and exchange rates. It is important to understand how these features interact with each other in order to ensure accurate accounting and reporting.