Accrue

[slk.apps]

Hi all,

Can somebody explain..

What is Accrue at Period end and Accrue at receipt?

[kkmundhra]

Hi

Accrue at receipt: When a receipt is saved, accrual transactions are immediately recorded & sent to GL interface. This is also known as ?online accruals?.

Accrue at period end: When a receipt is saved, accrual transactions are not immediately recorded & sent to GL interface. Instead the accounting entries are generated & sent at the end of the month by running Receipt Accruals-Period End Process.

All items with a destination type of Inventory are accrued on receipt. For items with a destination type expense, you have the option of accruing at receipt or period end.

Hope it is clear

Thanks
Karan

[slk.apps]

[quote]Hi

Accrue at receipt: When a receipt is saved, accrual transactions are immediately recorded & sent to GL interface. This is also known as ?online accruals?.

Accrue at period end: When a receipt is saved, accrual transactions are not immediately recorded & sent to GL interface. Instead the accounting entries are generated & sent at the end of the month by running Receipt Accruals-Period End Process.

All items with a destination type of Inventory are accrued on receipt. For items with a destination type expense, you have the option of accruing at receipt or period end.

Hope it is clear

Thanks
Karan

Thanks a lot karan


<i><div align="right">Originally posted by kkmundhra