You have a data entry clerk entering all invoices into batches lets say he is entering transactions on may 1st this is your document date, when batch is reviewed by the AP manager lets say 2 days later and post the batch the GL date is that posting date.
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Terex is selling 51 percent of ASV to Manitex International, resulting in a joint venture that is 51 percent owned by Manitex and 49 percent owned by Terex.The joint venture will manufacture skid steers and compact track loaders.ccording to Terex, after the agreement is finalized, ASV will continue to sell its skid steers and compact track loaders under the Terex brand. Ron DeFeo, Terex chairman and chief executive officer, calls the joint venture âa positive for both Terex and ASV. Terex preserves its broad compact equipment product offering.