Learn about Redwood and be one of the first to join the conversation

Visit Redwood Community
Accruals for 2-Way Match POs/Invoices — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Accruals for 2-Way Match POs/Invoices

Received Response
61
Views
7
Comments
edited Dec 14, 2018 12:54AM in Purchasing 7 comments

Summary

Accruals for 2-Way Match POs/Invoices

Content

Hi Everyone, 

Just wanted to ask a question with regards to 2-Way Match, how are folks dealing with the Accrual Process if a PO is created under 2-Way Match? My understanding is that when AP matches an invoice to this PO, an email is sent to the requester to "Approve" the invoice. 

How is this captured for the Accounting team to make their accruals? Specifically, if the Invoice comes in after the end of the month, for example, services are completed for the month of December, but the vendor does not send their invoice until the first week of January. How do you account for this? 

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!