Hi Gurus,
Please send me journal entries for Procure to Pay flow, I have seen some entries but still i am bit confuse on those entries. I need a entries as follow
1.Expense Item /Asset Item / Inventory Item with encumbrance Accrual, Journal entries for (Accrue at Receipt )
2.Expense Item /Asset Item / Inventory Item with encumbrance Accrual, Journal entries for (Accrue at Period End )
3.Expense Item /Asset Item / Inventory Item with Standard Accrual, Journal entries for (Accrue at Receipt )
4.Expense Item /Asset Item / Inventory Item with Standard Accrual, Journal entries for (Accrue at Period End )
Please send me clearly entries , i have seen many posts relavat to this but those r not clear.
Journal Entries for P2P
Hi Anjan,
Accrue at period end is applicable only to the expense items. If accrue at period end is set to 'Yes', then there will not be any accounting entries in the receipt. The expense account defined in the PO will get debited in the invoice (if matching is done).
You may first go through the document link given by the admin.
Cheers,
Saravanan
Accrue at period end is applicable only to the expense items. If accrue at period end is set to 'Yes', then there will not be any accounting entries in the receipt. The expense account defined in the PO will get debited in the invoice (if matching is done).
You may first go through the document link given by the admin.
Cheers,
Saravanan
Who is online
Users browsing this forum: No registered users and 2 guests