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Former Member
Apr 10, 2008 at 03:10 AM

Accounting Flow

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Hi all ,

Can you please explain me what does this mean - Revenue is booked at time of shipment and the offset is to an accrual account in the summary billing process. Summary invoice is booked to trade A/R and accrual entries are reversed at designated time..

Any help is greatly appreciated ...

Edited by: Om Sairam on Apr 9, 2008 10:11 PM

Edited by: Om Sairam on Apr 9, 2008 10:21 PM