Time zone in SAP

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SAP
This question is related to time zones for users vs time zone of SAP instance. For global companies on a single instance, will transactions have a posting date (and time) of the time zone of the instance or the user time zone? Will users posting a transaction at 11-30 pm in west zone see a default date of the following day if the instance time zone is EST?

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All transactions in SAP will record the system (instance) date and time.

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