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Acccruing not validate invoices.

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edited Mar 9, 2021 11:51AM in Purchasing 3 comments

Summary

If i have matched an invoice with a PO but not yet validate the invoice and in the process the payables period is closed. Is the invoice going to be part of accrual for the month or not?.

Content

If i have matched an invoice with a PO but not yet validate the invoice and in the process the payables period is closed. What will happen to that invoice when we run receipt accounting for accrual.Is the invoice going to be part of accrual for the month or not?.

My guess is, it should be accrued for because the invoice is yet to be validated. Would like to hear others opinion on this.

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