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Accrue
Posted: Mon Aug 04, 2008 6:52 am
by slk.apps
Hi all,
Can somebody explain..
What is Accrue at Period end and Accrue at receipt?
Posted: Mon Aug 04, 2008 8:26 am
by 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
Posted: Wed Aug 06, 2008 4:10 am
by 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