Hi ,
If we set up the accrual options to period end, after AP period closing only below journals wil be generated as per my knowledger.
Expnese - dr - for not recived itesm
accrual - cr -
in ap -
expnese dr - for recived and billed
liability -
if we closed the period in ap, how the second entry will posted during the current period.
Please correct me/guide...
Thanks,
Venkatesh
Expense items - Accrue at Period end
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