Accrual Account Categories
Dear Experts:
We have an Accrual Account for Other Liabilities which is used for posting several categories of Accruals e.g. computer maintenance, pump lease etc.
We now have a requirement to be able to track the different amoounts posted for all the different categories. But there is no way of selecting a field in fbs1 to specify such.
Can anyone suggest a good method for doing this? This could be in a similar manner to how Special G/L categories are tracked in Customer/Vendor related postings.
Thanks in advance.
Hi,
Is there any place holder for those categories ..can you differentiate them by any field??
Thanks,
Sai.
Similar Messages
-
PO Creation with accrual account assignment
We have a scenario with Insurances and Software Licences fee, since the amount is quite high, the actual quaterly fee is
accrued every month to smoothen the effect in the books.
When we create PO, is it possible to assigin accrual account (instead of the usual expense code) in the account assignment column? So that, during the Goods receipt the accrual account will be reversed. This accrual account would be a balance open item managed account.
We developed the scenario through finance using a recurring entry document that automatically posts the desired values every month, but we need to make it through MM since the original invoice for the insurance or for the software must be entered through a Purchase Order.
Thanks in advance
Edited by: E.Barreda on Sep 7, 2009 11:24 PMHi,
Even if u make mandatory the io number in PO.
You cannot settle the asssts to that IO and budget control also not possible.
Thanks -
Muliple Inventory AP Accrual Accounts??
Hi ALL,
I need to know is it possible to have multiple Inventory AP Accrual Accounts??
Pls This is urgent.
Thanks,
MPHHi,
No, it is not possible to have multiple Inventory Ap accrual A/C (Inv org parameter level). The 2nd AP accrual A/C is of expense type and is set at Purchasing options level (Receipt Accounting tab).
Thanks
- Supro -
How to fix rebate accrual accounts not clearing when rebate paid?
Automatic clearing of the rebate accrual accounts fails. The credits are created by the rebate accrual functionality. When the rebate payment is made, it should clear against the accrued items. It does not. This might be due to missing account assignment.
what config. I should be making and where? Thanks.Hi Cathy
in pricing procedure check these settings "7 in Sub total Key" , "23/24 in requirement " and "ERB for account key" , & " ERU for accrual psotings".
may be if these settings are maintained fine it should work ,
Cheers -
Accrual account,Variance Account is invalid while PO Requsition Import.
Hi Gurus,
We are working on "How to set up Outside processing - Procure to use in WIP for Standard Costing" concept.While Perform a WIP Move Transaction to the OSP Step we are getting the follwoing errors
Accrual account is invalid
Cause: The accrual account that you entered or that was derived is invalid.
Action: Enter a valid accrual account.
Variance account is invalid
Cause: The variance account that you entered or that was derived is invalid.
Action: Enter a valid variance account.
When we checked the "PO_REQUISITIONS_INTERFACE_ALL" table ,there is Null value for "variance_account_id","Accrual_account_id" columns.
We checked the account setups in the "Inventory" level for "Accrual account" and "Variance Account",everything is fine.
Please provide me solution for resolving this issue.
Thanks
SR.I think the value you are passed for ACCRUAL_ACCOUNT_ID and VARIANCE_ACCOUNT_ID are Invalid.
Please check
SELECT * FROM GL_CODE_COMBINATIONS WHERE CODE_COMBINATION_ID = < value of Accrual A/c id >
Record should exists in GL_CODE_COMBINATIONS table. -
Creation of transaction and AP accrual account
Hi Everybody,
I need to do the following:
Enter some transactions in some organization, then need do another GL transfer, and run the AP Accural Reconcilation Report .
Actual problem to check is AP accrual account which is currently 00000-00000 for oraganization ABC, but when i change the AP accural account in inventory setup it should show on report.
Change is as:
Inventory -> setup -> organizations -> parameters -> other accounts -> inventory AP accrual to new value.
Need to transfer AP and Inventory modules to GL and then ran the AP accrual report and picked one item say AB10003. The AP accrual account should be new value.
My concern is please let me know the process of
i) How to create a transaction for the above test, need steps if possible.
ii) How to transferr Ap and Inventory to GL.
Any Help would be greatly appreciated.
Thanks and Regards,
SreeHi,
Can you please guide us if you were able to resolve this issue and you were able to assign the MKK Contract partner role for the custom BP Roles.
Thanks,
Vamsi. -
P2P - Accrual Account transactions - Match
Hi Guru's,
In P2P cycles..as you know..
On GRN
Dr Material A/C
Cr Payables Accrual Account
On Payables - Invoice Entry and Match PO
Dr Payable Accrual Account
Cr Ap Control Account
Our problem is..business didnt track GRN JV's for 5/6 yrs..only setp 2 is tracked i.e On payables entry is happening..some how they are cooking the data.
Now they realised the issue and wanted to have a mechanism to determine the matching JV's.
Appreciate any help/thoughts on this.
Rgds,Radha.This happend to me to---kept getting msg that info did not match bank records and I tried a few times then gave up THEN checked bank account and they charged me SIX TIMES
of course, you cannot even call them or email...its frustrating..I reported a problem under the songs bought but I have spent over half an hour on this trying to call etc....this is nuts -
Cash vs Accrual Accounting method
Hi,
Looking for documents related to accounting entries and accounting events for Cash accounting method. What will be the accounting impact if you use cash basis or Accrual accounting method.
Thanks in AdvanceCash Accounting is for small business and based that the income/expense is accounted after the payment of the transactions.
This is a special legal regulary for some business in different countries (e.g. in Germany if the revenue < 500.000,00 Euro)
Normal Oracle customer must be used Accrual method.
Good information are here: http://www.nolo.com/legal-encyclopedia/article-29513.html
Dirk -
Accrual Accounting Method in MM module
Hello, experts.
We have to implement Accrual Accounting Method in our company, showing displaying forecast amounts on G/L accounts due to liabilities appearing in current period, however we have not yet any goods and invoice received. It is implied that for proper reflection of sums on accounts, preliminary posting of documents in MM, including GR, IR, GI, Transfer, using forecast data (e.g. quantity and amount) should be run for proper closing of period. After we received actual data, these documents should be cancelled, and new ones have to be posted using actual data in next period.
For instance, in our case we deal with gas. We have not yet received it on our stock location, and not yet received an invoice. However, we already have to display appropriate sums on GR/IR account, materials account, and vendoru2019s account, using forecast data. Further movement of material is expected as well, consecutive transfer, goods issue, sales. And all this should be reflected in FI module. After we received actual material and actual invoice, all previous action should be rolled back and documents should be posted properly, considering further movements as well.
The way is to post all preliminary documents, then cancel all them, and post again using actual data in next period. In this case, extra batches are created and moved, and probably other issues may arise, such as reflecting those documents in reports, differing forecast postings from actual postings, maybe something else.
What would you advise in order to fulfill this? Maybe there are standard tools to use. If so, could you please give us as much information on this as possible?
Thanks in advance.Set the condition type as 'Accrual' relevant for the respective pricing procedures (MM & SD). Then in the pricing procedure, define an account key in the accrual column and then define a GL account for the Accrual account key in the Account determination.
The transactions will be posted to Accrual accounts and then transfered to actual account when the event realizes. Speak to your MM and SD consultants on this.
Ravi. -
Doc Splitting in Accrual Account
Hi there,
Document splitting won't work for the entries below,
Debit: Expenses cost center A/profit center A 100
Debit: Expenses cost center B/profit center B 100
Credit: Accrual 200
The document splitting function won't work for the accrual account, any idea?
Thank you.Dear MS CINCAU,
In the following node,
SPRO > Financial Accounting (New) > General Ledger Accounting (New) > Business Transactions > Document Splitting > Classify G/L Accounts for Document Splitting
Check, what is the category that has been assigned to the Accrual account. This should be 01000
Also check if in the following node
SPRO > Financial Accounting (New) > General Ledger Accounting (New) > Business Transactions > Document Splitting > Classify Document Types for Document Splitting
Whether the document type which you are using to post this accrual document is given the Business Transaction 0000 and the variant used is 0001.
In case both are there, then please give what is the document splitting method used in
SPRO > Financial Accounting (New) > General Ledger Accounting (New) > Business Transactions > Document Splitting >Activate Document Splitting
Regards
Venkatesh
Assign points if useful. -
Entering a PO for Asset and Accrual accounts
Hi,
We need to enter purchase order for an Asset & Accrual accounts which do not belong to either a cost center, nor a
work order.We are now entering these invoices without going thru the PO System.
Any suggestions on this issue would be helpful.
ThanksFor accruals, you make an accrual entry which would Debit expense / Credit Liability,
and then the following month that entry will reverse. These are usually set up as automatic reversing entries. Then
when the AP invoice is processed, it will be coded to the expense account which is a Debit to Expense and Credit to
Vendor, but since there will be an accrual reversal posted in the same account they will offset and if equal, net out to
zero, if the amounts differ, then that difference hits the P/L at that point. It is clean and efficient. You don't have to
review the accrual account to match up payments against accruals, etc.
We cannot directly post to the Fixed Assets Balance Sheet Accounts. The PO would need to be
coded directly to an Asset number, or to an internal order that would settled to the Fixed Asset system. The best
practice SAP offers for capital expenditures is to use internal order for all purchases. The amounts post to the order,
and are then settled to the balance sheet sytematically. This give you better reporting capabilites on your capital
expenditures, and also makes the process run more efficiently.
This is what I found in one of the other forums. -
Accrual Account Key change for Condition type
We have different Condition types assigned to Account Keys
Example:
Condit Type Account Key Accrual
FMA1 ZPP ZP2
FMA2 ZPP ZP2
FMA3 ZPP ZP2
I need to change GL account for FMA2 Condition type. I only need to change for accruals on FMA2. Please let me know how I can do it in "Prepare Revenue Accounts and change GL in VKOA.
Your help is appreciated. Let me know if need any further information.
Thanks
Jaggihi..
If the accrual is ticked in condition type in M/06, it should have an account key assigned to the condition type in the pricing procedure in M/08.
Go to your contion type ZPFV and check whether you have checked Accrual or not..
then go to ur pricing procedure ZUELOC and check the last two colums for your condito type i.e. Account Key and Accrual Key.
Maintain these..
try this if it works.
Thanks... -
Accounting and Accrual keys in MM pricing
Hi,
Why there were no Accounting and Accrual keys maintained for Condition types PB00 and PBXX in standard Pricing schema?
And why they assigned to only freight related condition types?
Basically what is the funda to assign both the Accounting and Accrual keys to any condition type?
Thanks
AnbuHi,
Account key
Account key is mainly used for Frieghts.Account key enables amount to post to certain revenue accounts, for example freight charges. When you add freight related condition types, it will be added to separate G/L accounts, means this will not be added to material price.
Accruals key:
Accruals mean accumulating,with the addition 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.
Vishal... -
PO ACCRUALS AND ACCOUNTING에 관해 자주하는 질문과 답변
제품 : MFG_PO
작성날짜 : 2004-02-11
PO ACCRUALS AND ACCOUNTING에 관해 자주하는 질문과 답변
==========================================
PURPOSE
PO를 생성하고 Receipt를 하는 과정에서 Accruals Accounting이 발생하게
되나 이 Accruals Accounting의 의미를 정확히 모르는 경우가 많다.
이 note를 통해 Accruals Accounting의 의미와 관련 Setup,Report 등을
알 수 있다.
Explanation
1.'Accrue On Receipt'과'Accrue at Period End'의 차이점은 무엇인가?
'Accrue On Receipt' 의미는 receipt 저장시 accrual trasnactions이 즉시
기록되면서 general ledger interface(GL_INTERFACE) table로 보내진다.
이것은 'online' accruals라고도 알려져 있다.
'Accrue at Period End'의 의미는 receipt 저장시 accrual transactions이
즉시 기록되지 않으며 gederal ledger로 보내지지도 않는다. 대신 accounting
entries는 월말에 'Receipt Accruals - Period-End' process를 실행에 의해
generate되며 GL로 이때 보내지게 된다.
Destination Type이 'Inventory and Outside Processing'이 모든 Items은
'accrue on receipt' option을 가지며, destination type이 'expense'인
items은 'accrue on receipt'이나 'accrue at period end' options 둘 다를
가질 수 있다.
Period-end accrual과 online accruals을 조회시 이용할 수 있는 report는?
Period-end accruals: The Uninvoiced Receipts Report
Online accruals: The Accrual Rebuild Reconciliation Report.
이 online accruals transacion은 Uninvoiced Receipts
Report parameter 'include online accruals' 값을
'Yes'로 check하여 실행하면 Uninvoiced Receipts에 포함 될
수도 있다.
3.Receipt 입력후 receipt accruals이 실행되거나 period-end process를 실행
시킨후에도 새로운 journal이 GL에서 보이지 않는경우가 있다.이런 경우
Transaction의 자동으로 GL에 나타나야 하지 않을까?
PO에서 발생한 Transaction은 오직 GL_INTERFACE table로만 보내진다.
Journal을 생성하거나 GL에서 이를 보기 위해서는 GL에서 Journal Import
Concurrent가 수행되고,record가 성공적으로 GL로 import 되었음을 확인해야
한다.
4.GL에 있는 각각의 Journal이 Period-end accrual인지 On receipt accrual
인지 어떻게 알 수 있을까?
Period-end나 online accrual entries 모두 같은 GL batch안에 포함된다.
하지만 Period-end process에 의해 생성된 Journals은 'Accrual category를
갖게 되며, Online accrual에 의해 생성된 Journals은 'Receiving' caterogry
를 갖게 된다.
다음은 도움을 위해 지원되는 technical table-level 정보이다.
Table: GL_INTERFACE
Column : USER_JE_SOURCE_NAME = Purchasing
Column : USER_JE_CATEGORY_NAME = Accrual (for period-end accruals)
USER_JE_CATEGORY_NAME = Receiving (for online accruals)
Table: GL_JE_HEADERS
Column : JE_SOURCE = Purchasing
JE_CATEGORY = Accrual (for period-end accruals)
JE_CATEGORY = Receiving (for online accruals)
5.PO shipment를 received 하고 이 PO를 cancel하였음에도 Uninvoiced
Receipts report에서 볼 수 있고 매달 Period-end process에 의해 accrue도
된다.Cancel을 했음에도 왜 이런 현상이 발생하는가?
PO가 header,line,shipment level로 cancel 할 때, 오직 unrereceived 수량만
실제로 cancel된다. Cancellation은 이미 received 된 수량에 대해서는 영향
을 주지 않으며,Obligation은 여전히 이 receipt에 남아있다.
만약 received 수량과 invoived(billed)된 수량이 같거나 혹은 PO shipment에
대해 어떤 receipt도 입력되지 않았다면, cancellation은 Shipment의
Canceled flag를 'Yes'로 set하고 Closure Status를 'Closed'로 set 한다.
이런 경우, 아무런 accrual transaction도 generate 되지 않는다.
만약 received 수량과 invoiced된 수량이 같지 않으면,cancellation은
Shipment의 Cancelled flag를 'Yes'로 set하지만 Closure Status는 현재의
Status로 남겨둔다.(not 'Closed')
Received 수량과 Invoiced 수량과의 차이는 Uninvoiced Receipts report에
나타나며,이는 invoice가 전체 received 수량에 match 되거나 received
item이 Supplier에게 return 되기 전까지 각 달마다 accrue가 지속적으로
될 것이다.
Example
Reference Documents
Note 106583.1 -
Clearing Rebate GL account- Accrual & settlement
Hi,
Require your help for the clearing of Rebate Accrual account. We have the following set of entries:
Initially when you accrue rebates, the following entry is passed
Accrued Expense a/c Dr.
Accrued B/S a/c Cr.
Then when you actually pay to customer then the journal entry that is passed is:
Customer Cr.
Accrued Expense a/c Dr.
Accrued B/S a/c Dr.
Accrued Expense a/c Cr.
How the accrual B/S GL account isis cleared - at the time of settlement (how) or automatic clearing (how - what parameters). Please revert
Thanks
AmitHi
You can create automatic clearing setting for this GL account giving the unique parameters for the line items.
Regards,
Lakshmanan Krishnan
Maybe you are looking for
-
Unable to schedule a show record, online
I sign on to http://www36.verizon.com/fiostv/web/default.aspx and find a show that I want to record. Sometimes I am able to set a recording from the listing and sometimes there is no facility to do it . For instance, I wanted to record the upcoming
-
Need help with ORACLE ADMIN, NETWORKING CONCEPTS and SQL, ASAP!
Hey everyone. Basically my major is going to be computer science, however I haven't started the course yet. However I got a job offering to the position as a SEO. A friend told me as long as I can answer the questions, the job will be no problem, I m
-
I had a thought about any changes we may have both made recently - in The Camera settings we turned HDR off - because we had 2 images of the same photo. Maybe the import is failing because of the duplicates
-
I would like to set Firefox up so that I can enter a password to allow my children internet access. I don't want them to be able to get on without me knowing about it. Is this possible? Thank you, Katie
-
Linking the fields to fetch the data
Hi friends, on my selection screen i have 3 fields S_BSTNK = Customer Purchase Order number S_TKNUM = Shipment S_KUNNR = Ship to Now my requiremnt is when the user enters the value in S_BSTNK , i should get all the invoices fromVBRK table. and late