Activating Receipts Accrual

The following list defines the steps required to activate Receipts Accrual:

  1. CC00/Purchasing - in the Miscellaneous section, select the 'Receipts Accrual Processing' check box and in the Receipts Accrual GL Interface section, assign the G/L accounts for 'Receipts Accrual', 'Receipts Variance' and 'COS Variance (recost)'.

  2. CC00/Purchasing/General Ledger - assign the 'Inventory GL' account to DR when goods are received.

  3. PO09/Landing Factors - assign the 'GL Account' to CR for Landing Factors-Absorbed when goods are received and the 'Variance Account' to DR/CR when receipts are recosted by PO65.

  4. AP13 - if a default 'Distribution GL Account' has been assigned to Suppliers in AP13, then that field should be cleared. The GL distribution for invoices matched to receipts in AP30 will be the DR to the Receipts Accrual account.

  5. GL05 - if new GL accounts were created in your Chart of Accounts, be sure to add them to your Report Parameters.

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