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Accruals created for Cancelled or Closed POs

Accepted answer
edited Jan 31, 2020 9:23AM in Purchasing 8 comments



We are on 19D (

I have 2 queries, which might sound rather basic...

1. Accruals Created for Closed / Cancelled POs

As part of Month End, we run the following:

  1. Complete the Payables Period-End Process and close the current Payables period
  2. Run the process Transfer Transactions from Receiving to Costing to interface receipt transactions
  3. Run the process Transfer Costs to Cost Management to interface accounts payable transactions
  4. Run the process Create Uninvoiced Receipt Accruals to generate accrual accounting for receipts that occurred in period, but the expense and payable are not yet booked in Payables. This process creates an accrual for the expense and liability for those un-invoiced receipts. 

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