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