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How to Incur Accruals for Indirect Projects

Received Response
edited Oct 5, 2021 9:22AM in Project Management 1 comment


Expense Accruals for indirect Projects


Hello :

We have a business requirement :

The company provide one benefit to the employee called Mobile Phone for Managers up to 200 USD per Month.

At the end of the Month the carrier i.e. ATT send the invoice to be paid for example 10,000 USD for all the mobiles phones and the AP invoice is fully paid to ATT.

Once the ATT invoice has been paid Finance team review the invoice for each employee in order to check review the 200 USD threshold, so for example one manager spend 250 USD instead of 200 USD.

In this case the manager owes 50 USD for the difference and this amount will be deducted from his payroll.

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