"Date Applied" definition for transactions

A Labor History transaction have 3 different dates to keep track of. I think the help texts pretty well describes their different Usage

• Date Created -The date on which the transaction was created.
• Transaction Date - The date at which the originating activity of the transaction was performed
• Date Applied -The date at which the transaction was financially booked. This might differ from the transaction date if the transaction was recorded for a closed financial period or when the value has been manually updated.

Example:

Today is 2020-03-06. I manually report some labor time for an operation that was performed 2020-02-28, but February periods is already closed for my user. Transaction will be created with below dates:

• Date Created - 2020-03-06
• Transaction Date - 2020-02-28
• Date Applied - 2020-03-01