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Version R12/11i? =
Instance PROD/TEST/VIS? =
Module? =
OS? =

Hi,

. In AP 11i period close We have accrue uninvoiced receipts. What it is?

can any one what exatly it is

thanks.

Uninvoiced Receipts refer to goods received by purchasing, for which invoices are not created in payables.
If a company is using Accrual method of accounting, they need to pass accrual entries, till the invoices are created for the goods received. This is automatically done by the system, if you have selected the option of "Accrue at Receipt" or " Accrue at Period End " in purchasing module, the methods purely depends on whether the company holds any inventory item or not. Running concurrent program from purchasing module, will create journals in General Ledger. Nothing to be done at Payables. But this task is advised to be done first, before closing the payables period.


Regards,
Karthikeyan

[quote]Uninvoiced Receipts refer to goods received by purchasing, for which invoices are not created in payables.
If a company is using Accrual method of accounting, they need to pass accrual entries, till the invoices are created for the goods received. This is automatically done by the system, if you have selected the option of "Accrue at Receipt" or " Accrue at Period End " in purchasing module, the methods purely depends on whether the company holds any inventory item or not. Running concurrent program from purchasing module, will create journals in General Ledger. Nothing to be done at Payables. But this task is advised to be done first, before closing the payables period.


Regards,
Karthikeyan

<i><div align="right">Originally posted by karthikeyanp1981

Thanks karthikeyan

Hisham