02. Introducing Accruals Managemen

A Liability, goods and service already delivered where the invoice wasnt received

An asset, payment to a vendor in advance, benefit is expected to be derived over multiple periods

manual, purchase orders and service entry sheets

It sometimes happens that a purchase order is placed but goods or services are not received or not invoiced, which means a liability to the supplier and an expense is incurred, or an invoice is received for future periods in which the booked expense reflects an asset of the company. It is expected to calculate accruals or deferrals based on the purchase order information.

Application component POAC

• Automatically replicate purchase order as accrual objects.

• Automatically based on purchase order planned and actual information to calculate and post accruals and deferral postings.

• Automatically synchronize the purchase order changes to update the accruals calculation.

• Automatically terminate the accruals object when the purchase order is set as final goods received or final invoiced.