| # Post Accrual / Reversal Journal Entries (tfacp2260m000) When you close a period, use this session to accrue open requisitions to which no Desktop Receiving applies. The accrual posting is carried out for the accrued period. If Desktop Receiving does not apply, the purchase requisitions for which you have not yet received procurement card statements for payment can be accrued at the end of the period. After performing the accrual posting, LN handles the purchase requisition in the same way as a purchase requisition to which you apply Desktop Receiving. For the purchase requisitions to which you apply Desktop Receiving, LN creates the accrual postings when you create the purchase requisitions in the Purchase Requisitions (tfacp2528m000) session. When you close a period, for the purchase requisitions to which you do not apply Desktop Receiving LN creates the following postings to accrue the journal entries: Debit: The ledger account specified for the purchase requisition. Credit: Invoices to be Received (the GRNI account defined in the mapping scheme). If no ledger account and dimensions are specified for the purchase requisition LN uses the ledger accounts and dimensions specified in the integration mapping scheme for the Procurement Card Purchases/Receipt transaction. If you invoice the purchase requisition later, LN creates the following postings: Debit: Invoices to be Received (the GRNI account defined in the mapping scheme). Credit: Control account of Accounts Payable. Related topics Procurement card payments ATS Process handling Accrual Date The date on which the entries are accrued. Fiscal Period The fiscal period for accrual. Reporting Period The reporting period for accrual. Tax Period The tax period for accrual. Batch Reference The reference to identify the accrual batch. Transaction Type Specify the transaction type used to post the accrual entries. Transaction Series Specify the transaction series used to post the accrual entries. |