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Clearing Receipt Accruals — Cloud Customer Connect
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Clearing Receipt Accruals

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edited Oct 1, 2018 6:01PM in Costing 9 comments

Summary

Clearing Receipt Accruals: Period End Accrual vs. Accrue at Receipt

Content

Our environment is setup for Period-End Accrual and we are finding that there is no option for Clearing Accruals for Period End Accruals.

Occasionally we find an accrual balance which will never be cleared by an invoice because of a mostly minor difference between PO amount and invoice amount. We create a PO, receive it and then an invoice comes in and invoice amount is less than the PO amount. System of course treats this is an Uninvoiced receipt and continues to accrue. The only way (and a terrible way at that) to stop the difference from accruing month after month is to 'unreceive' PO, make a change order to match the Invoice and re-approve. This is a cumbersome process, particularly if the amount is immaterial.

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