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Accruals at Month end vs Accruals at receipt process

edited Jun 18, 2024 8:26AM in Costing 4 comments

Summary:

What is the process sequence difference between Accruals at month end to Accruals at Receipt

Content (please ensure you mask any confidential information):

Hello
currently we use to manager Accrual at month end. Our client want to change that to Accrual at receipt. I trying to find out the process difference to document that change
For Accrual at month end we run the following processes sequence:

1- Transfer Transactions from Receiving to Costing - This process transfers receipt information to Receipt Accounting.
2- Transfer Costs to Cost Management - This process transfers invoice information to Receipt Accounting.
3- Create Uninvoiced Receipt Accruals: The corresponding distributions are created.

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