Receipt Accounting

Summary

Question on Receipt Accounting

Content

We are running Peoplesoft at the moment and moving to Fusion. We accrue at receipt entry and also at invoice level (examples below)

This is how we currently operate and I was looking for advice on how Fusion can do something similar and the steps :

1. Invoices - if an invoice is entered for a PO for the full PO qty and there are no receipts, we want to create an accrual for the full amount.

2. Subsequently, a receipt is entered for 10 - an accrual is created for the receipt.

3. Next time the invoice is matched, it will know that the there was a recipt accrual for 10 and will need to adjust the initial invoice accrual that was entered