When the accrual processes are configured, you are ready to manage accruals and accrual payments.
Amounts are accrued according to how an accrual plan is configured. An accrual plan can be set up to accrue amounts based on sales or purchase activity, or according to a predetermined schedule. These accrued amounts are paid out to one or more accounts that may include customers, vendors, or G/L accounts. Define the accounts that receive these payments on the accrual plan.
Configure an accrual plan so that part or all of the accrual process is automated. If you do not want to automate the entire process, record accrual and accrual payment activity using journals. You can also record accrual payments through purchase documents.
The following table describes a sequence of activities, with links to the topics that describe them. These activities are listed in the order in which they are generally performed.
To | See |
|---|---|
Learn about the posting activities that take place when working with accruals, and how to use posting groups to link accrual plans to the general ledger. | |
View information about accrual amounts calculated for sales or purchase document lines, such as the accrual plan or plans for which the amount is calculated and the intended payment accounts. | |
Post accruals and accrual payments to accrual plans. | |
Post accrual payments from a purchase document. | |
Create accrual payment documents. | |
Set up and use payment schedules. | |
Suggest scheduled accruals in an accrual journal. | |
Suggest scheduled payments in an accrual journal. | |
Set up, maintain, and use accrual journals. | |
View test reports before posting. | |
View and analyse posted accrual entries in the accrual ledger entry. |