Purchasing

Get Involved. Join the Conversation.

Topic

    Isaline Nguyen
    POs - Receipt accrual status at each step of PO lifecycleAnswered
    Topic posted June 6, 2019 by Isaline NguyenSilver Medal: 2,000+ Points, tagged FAQ, Financials, Fusion, General Ledger, Manage Procurement Catalog, Orders 
    137 Views, 5 Comments
    Title:
    POs - Receipt accrual status at each step of PO lifecycle
    Summary:
    I need documentation of accounting entries of the receipt accrual at each step of the PO lifecycle
    Content:

    Hello experts,

    I am hoping you can provide me with information or documentation from Oracle regarding what should be the accounting entries for the receipt accrual, the status of the receipt accrual at each step from the receiving to PO closing.

    Thank you,

    Regards,

    Isaline

    Best Comment

    Rodrigo Diaz

    Hi Isaline,

    Hope this helps:

    Oracle Support Document 1328186.1 (Overview of Accrual Accounting) can be found at: https://support.oracle.com/epmos/faces/DocumentDisplay?id=1328186.1

    Oracle Support Document 1328173.1 (How to Create a Basic Purchase Order Receipt Accounting Flow) can be found at: https://support.oracle.com/epmos/faces/DocumentDisplay?id=1328173.1

    Regards.

    Comment

     

    • Rodrigo Diaz

      Hi Isaline,

      Hope this helps:

      Oracle Support Document 1328186.1 (Overview of Accrual Accounting) can be found at: https://support.oracle.com/epmos/faces/DocumentDisplay?id=1328186.1

      Oracle Support Document 1328173.1 (How to Create a Basic Purchase Order Receipt Accounting Flow) can be found at: https://support.oracle.com/epmos/faces/DocumentDisplay?id=1328173.1

      Regards.

    • Brian Burns

      Hi Isaline,

      Do you have your PO accruals set-up for Accrue on Receipt or Period End?

      Thanks,

      Brian

    • Brian Burns

      There are some decent docs on docs.oracle.com as well:

      https://docs.oracle.com/en/cloud/saas/supply-chain-management/19b/fapma/receipt-accounting.html#FAPMA1921270

      Using Supply Chain Cost Management

      I find the docs on docs.oracle.com are ok but basic and if you are setting it up there is some trial an error involved. Or at least, docs.oracle.com isn't a full implementation resource, I'm not sure one exists for Fusion as I've had more luck asking other users in this community than following the documentation.  But if it's Period End then it's a basic set-up, accrue on receipt can get complicated as far as running/reconciling what's going on in my opinion.