P2P JE's

[shivasml]

Hi Every one...

Can any one please provide P2P JE's

[kommineni7]

P 2 p accouting entries..

1) Requisiton/Purchase Order - No Entry

2) Good Receipt - Receving inventory A/c Dr

Accrual Account Cr

3) Invoice Creation - Accrual A/c DR

Liability A/c Cr

4) Payment - Liability A/c Dr
Cash Clearing a/c Cr ( depends upon your payables options set up)

5) Reconciliaiton - Cash Clearing A/c DR
Cash a/c Cr

[shivasml]

Hi Kommineni...

Thanks a lot for ur usefull information.

But some one told me like, In point one JE comes like...

Is it correct or not, please confirm

1) Requisiton/Purchase Order--

charge A/c Dr
To Libility a/c

Regards
Shiv

[AmanKhan]

There is no entry generated at the time of Requisition /PO.

Below entry generated at the time of invoice creation/matching.
charge A/c Dr
To Libility a/c


topic.asp?TOPIC_ID=5799

[admin]

Check the following if you are using encumbrances,

topic.asp?TOPIC_ID=1861

[shivasml]

Hi Khan & Admin...

Thnaks a lot for your support...


Shiv