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Assistance on Documentation Available for Accrual Reconciliation — Cloud Customer Connect
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Assistance on Documentation Available for Accrual Reconciliation

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edited Apr 27, 2021 2:58PM in Costing 5 comments

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We would like to see if Oracle has documentation that defines the recommended standard/out-of-the-box Accrual process.

Specifically, we’d like to understand how Oracle recommends users to accurately monitor and reconcile Accrual accounts. Meaning, what report(s) and processes are recommended to ensure that Accrual general ledger accounts reconcile to the relevant purchase orders; how monitoring and clearing should take place within the Accrual general ledger accounts; the process around purchase order maintenance and how ‘finally closed’ flags should be used to aid in the reconciliation, etc

In summary, our goal is for us to efficiently and accurately reconcile Accrual general ledger accounts against POs, and ensure that ongoing GL or PO maintenance will continue to allow for the monthly reconciliation to easily take place.

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