Page 1 of 1
P2P JE's
Posted: Wed Feb 10, 2010 8:22 am
by shivasml
Hi Every one...
Can any one please provide P2P JE's
Posted: Fri Feb 12, 2010 1:38 pm
by 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
Posted: Mon Feb 22, 2010 9:01 am
by 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
Posted: Mon Feb 22, 2010 9:07 am
by 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
Posted: Mon Feb 22, 2010 9:15 am
by admin
Check the following if you are using encumbrances,
topic.asp?TOPIC_ID=1861
Posted: Mon Feb 22, 2010 9:57 am
by shivasml
Hi Khan & Admin...
Thnaks a lot for your support...
Shiv