Create Accounting Process - Account Payables

Summary:

We are currently run manually every Friday at 4pm on create accounting. I would like to understand further, what is the impact/suggestion if we set the schedule run on a daily basis for both Invoice and Payment entry?

• Does the process support incremental processing (new records only)?
• How are updated or cancelled invoices/payments handled after posting?
• Daily runs could create duplicate accounting entries? What is the system control?
• System will capture only fully completed/approved transaction for both invoice and payment? Any possibility on temporary accounting entries that require adjustment later?

How will the system handle the posting date correctly in the system? It will be following the posting date on a daily basis. How do we handle during month end closing as the final create accounting to be executed manually before period close/open.