Inventory AP Accrual account

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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lalita
Posts: 2
Joined: Sat Jan 12, 2008 3:26 am
Location: India

Inventory AP Accrual account

Post by lalita »

hi all,
i am always confused with the account of inventory ap accrual account, can anyone help me to clarifie this doubt, whats that meaning and whats the purpose?
thanks
from,
lalita.
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byswamy
Posts: 75
Joined: Mon Jun 04, 2007 12:43 am
Location: India

Post by byswamy »

Hi

Inventory AP Accrual is Uninvoiced Reciept. It is a part of Liabilty. when u matched receipt or PO to Invoice the payables releave this account.
If need some more clarification...reply to this


Regards
swamy
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admin
Posts: 2063
Joined: Fri Mar 31, 2006 12:59 am
Location: Pakistan
Contact:
Contact admin

Post by admin »

Thanks Byswamy. Here are few link with relevant information,

http://erpstuff.com/topic.asp?TOPIC_ID=3116
http://erpstuff.com/topic.asp?TOPIC_ID=2611
http://erpstuff.com/topic.asp?TOPIC_ID=442
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