Enabling Expense Accruals
SummaryQuestions about enabling Expense Accruals after Go-Live
We are in the second quarter after go-live of Fusion and the client wants to enable Expense Accruals. I have a few questions about the process:
- Apart from the "Accrue Expense Items" field in "Common Options for Payables and Procurement", is there any other set up necessary?
- As we don't have inventory items, will it be better to set accrual to "Period End" instead of "At Receipt"?
- How will POs already created and receipted be affected?
- Is it advisable to set matching to 3 way to ensure all POs are receipted?
- Will the Period End Accrual reversal happen automatically or will a program have to be scheduled?