Payables and Cash Management - EBS (MOSC)

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GRNI Accrual Write Off

edited Jan 16, 2013 9:36PM in Payables and Cash Management - EBS (MOSC) 1 commentAnswered
What is the recommended practice for GRNI Accrual Write Off's including GL Journal Entries?

Receive Goods

Dr - Stocks

Cr - GRNI Account

Invoice

Dr - GRNI Account

Cr - Supplier Liability

Oracle recommends to run Accrual Rebuild/Accrual Reconciliation Report and use it to identify opportunities to write off items via Accrual Reconcilaition Form. Having done this to run Accrual Write Off report and use it to support write off manual journal entry.

Do you enter manual journal as below?

Dr - GRNI Account [w/o value]

Cr - Stocks

My problem is I'm entering manual journals to control accounts, which doesn't sound correct to me. Can some explain best practice including accounting entries. 

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