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Diffrence between receipt accrual journals & purchasing receiving journals

Discussion in 'Oracle Financials' started by hsabanka, Feb 16, 2015.

  1. hsabanka

    hsabanka Active Member

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    Hi,
    Can anyone let me know what is diffrence between purchasing receiving journals and accruals journals.
     
  2. Iwanhe

    Iwanhe Active Member

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    Hi Hsabanka,

    The journal is happened in Receiving process

    PO: (if you buy Inventory item)
    1. Receiving

    Dr. Receiving Inspection
    Cr. AP Accrual

    2. Deliver
    Dr. Inventory
    Cr. Receiving Inspection

    AP: (Matching to Receipt)
    1. Invoice
    Dr. AP Accrual
    Cr. Liabilities

    Hope that simple explanation helps you


    Regards,

    Iwan
     
  3. hsabanka

    hsabanka Active Member

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    Hi Iwan,
    I wanted to know about receipt accruals
     
  4. Iwanhe

    Iwanhe Active Member

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    Hi hsabanka,

    What do you mean by "receipt accruals" ?

    Kindly advise
    Regards,
    Iwan
     
  5. Iwanhe

    Iwanhe Active Member

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    Hi Hsabanka,

    Is that "Receipt Accrual - Period-End process" ?

    You will run that process if you use the method for creating journal from receiving process is period-end

    Regards,
    Iwan
     
  6. Iwanhe

    Iwanhe Active Member

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