where should Accrual account define in account payable that will affected during Invoicing?
Answer Posted / tgs100
Expense accrual accounts are defined in Purchasing options and Inv accrual accounts are defined in the Inv Org.
When expense accounts are received, expense is debited and exp accrual is credited. In the same way, when inventory item is received, inventory - Dr and Inv Accrual - Cr
When invoice is created and matched with PO/Receipt, the corresponding accrual is relieved and liability is credited.
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Explain Customization process?
Do you track and record relationships between customers e.g. franchises, subsidiaries etc.?
In Subinventories Form, how to enable the Locator Control. A message displayed when changing the drop down list "FRM-40200: Field is protected against update.
HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .
Invoice Approval Process?
What is the Invoicing System in Oracle R12
What is the Use of Grouping Rule in Receivables ? is it mandatory field ?
Hi I'm new in ERP - Oracle Application i appriciate if any one help me in this issue i need SQL to get badeget balance Acutal Balance Encumbrance Balance fund Avalable thanx ahmed
What is the procedure for requition import?
encumbrence set ups?
When we run a GL Reconciliation Report, we also see the void payments in that report. Even though i disable the option of Show Void payments, its appearing in the report.How do i proceed so that i dont see those void payments in the GL Reconciliation Report?
Provide an overview of AR cash receipt processing.
How do write a discoverer report to identify zero dollar suppliers/invoices where the supplier is on hold?
could you please post some work around that any body have done in the financial modules.
Re: what are the Issue that we face in Gl,PO and AP while Supporting