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Accruals

Former Member
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Gurus,

What is Accruals.What happens when in condition type the accruals check box is ticked?

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi,

If you want to post offsetting amount to inventory to different account other than GR/IR account then you can tick accrual and assign accrual key to this condition type in procedure and maintain GL account in OBYC .Usually this will be used for delivery cost in order to post to different vendors.

say example if you have PO price of 100 USD and freight amount -10USD (condition type ticked accrual)

at the time GR you will have following entries

Stock a/c - 110 debit

GR/IR a/c - 100 credit

Freghit clearing a/c -10 credit This account nothing but a/c assigned to against the accrual key maintained for that cond.type

Regards

Raja

Answers (2)

Answers (2)

Former Member
0 Kudos

>

> Gurus,

> What is Accruals.What happens when in condition type the accruals check box is ticked?

Basically accrual check is required in condition type, when you want the condition type to be statistical in calculation schema meaning the condition type will be displayed in the PO but at time of GR this condition type will not get hit to the material master or the G/L accounts. So we put the statistical check in the condition line in calculation schema with no account keys and then turn on the accrual check in the condition type.

For more details check this link:

Edited by: Afshad Irani on Jul 27, 2010 6:29 PM

BijayKumarBarik
Active Contributor
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Hi,

Accruals mean accumulating. With the aid of the account key, the system can post amounts to certain types of accruals accounts. For example, rebate accruals which are calculated from pricing conditions can be posted to the corresponding account for rebate accruals. Accruals Key will store the accumulated values of the respective conditions. The buyer can see the amount spent on the specific over a period of time.

For more check the link:

Regards,

Biju K