You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Service Dates on PO/Receipts for Invoicing in installments with Accrue at Receipt turned on

Received Response
61
Views
4
Comments

Summary: Hello experts. can you answer a few questions please? We are in the process of testing out setting up Accruals to At Receipt and the business is asking how to properly create POs/Receive/Invoice service based PO's that pay out over time so they can see how much has accrued during a single period or month or schedule. Does that make sense? There are no service date fields in the requisition or PO pages I’ve noticed. [Also, I'm having difficulty creating PO's with multiple schedules if that is an option.]

The business is not able to see the period an invoice is for. Scenario: A service PO is entered for $300 and it is for a subscription that will be billed monthly at $100 for 3 months. Requester receives the full amount of $300 in the first installment period thus causing the uninvoiced amount of $200 to be accrued. The business needs a way to identify the installments dates specified on the SOW so they can calculate how much will be invoiced each installment period.  

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!