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

SLA to derive Gain/Loss Account at Expense Report Application against Cash Advance

edited Apr 22, 2024 1:11PM in Subledger Accounting & Accounting Hub 1 comment

Summary:

  1. Create Cash Advance - Approbe, send to AP - Accounting OK
  2. Validate, Account, and Pay the Payment Request type invoice - Accounting OK
  3. Create Expense Report - Approbe and send to AP - Accounting OK
  4. Validate and account the invoice. The invoice automatically gets created with Cash Advance applied to it as "Miscellaneous line type" - Accounting incorrect


Content (please ensure you mask any confidential information):

We are currently using Expenses to create Cash Advances (works like an employee Prepayment). The cash advance creates an Invoice in Accounts Payables module. After the Cash Advance is Paid in AP, a Gain/Loss Account is generated. Afterwards, the user creates the Expense Report to match Cash Advance (this works like an invoice that will compensate the Cash Advance - Prepayment) . Once the Expense Report is approved, it gets automatically associated to cash advance and an invoice is created.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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