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    Anil Nair
    Accrue on Receipt Process
    Topic posted August 12, 2019 by Anil NairBronze Medal: 1,250+ Points, tagged Configuration, Financials, General Ledger, Invoice Imaging, Payables, Setup / Administration, Subledger Accounting 
    48 Views, 1 Comment
    Title:
    Accrue on Receipt Process
    Summary:
    Accrue on Receipt Process
    Content:

    Hi - I have setup the receipt accruals to be at receipt.There are few questions related to Receipt accruals for which i couldn't get a clear response.

    1. To access the receipt accounting , the user must have the cost accountant role assigned.Is this correct?assigning the cost accountant role shows supply chain execution offering which seems confusing for users who are not subscribed to any supply chain related services.

    2. Who typically manages the receipt accounting tasks, the Buyer or AP team?

    3. For the receipts created and posted through to Oracle GL as accruals, what happens when the invoice is created and accounted?Does the accounting automatically knocks off the accruals or is there a separate set of steps to manage the transfer of transactions from payables to GL again? what are the sequence of tasks for accrue at receipt to work?

    4. How do we schedule the receipt accounting processes in production to run automatically without any manual intervention from receipt accounting workarea?

     

    Thanks.

    Comment

     

    • Becky Alvarez

      Maybe the Financials Cloud White Paper ERP Cloud Period Close Procedures may answer a lot of your questions.  There is a pretty good discussion on receipt accounting Starting in Chapter 11 Supply Chain Managerial Accounting on page 32.

      Receipt accounting happens when Create Accounting is run so no special security is needed as far as I know but I am not and expert in Supply Chain Management and this being a Financials Forum.

      As you review the white paper you will see that the Receipt Accruals are set on the PO Schedule and can be set to accrue at receipt or accrue at period end. 

      Review the document and the see if you have an further questions.  Most of what you need is in Chapter 11 but you can glance at Chapter 6 which is the AP chapter.