Receipt Accrual Implementation

Use the following process flow to use the Receipt Accrual process, the Entry Event Generator, and the Journal Generator process (FS_JGEN) to implement the receipt accrual business process:

1. Run the Receipt Accrual process from the Accrue Receipts page.

   The Receipt Accrual process populates the RECV_LN_ACCTG table.

2. If Receipt Accrual commitment control check box is enabled, budget-check the receipt accruals from the Budget Check Request page.

3. Use the Receipt Accrual Accounting Entries to review Budget Exceptions and override them as necessary.

4. If you are using entry events, run the Entry Event Generator process from the Entry Event Run Request page.

5. Run the Journal Generator process from the Generate Journals Request page:

   1. On the Generate Journals Request page, select REC_ACCRUE in the Template field.

      The template that you select controls the accounting lines source and journal date.

      Note:

      Reversal entries are not generated because Do Not Generate Reversal was selected as the reversal code on the Journal Generator template REC_ACCRUE as part of the setup process.

   2. The Journal Generator process uses Receipt Accrual process entries in the RECV_LN_ACCTG_VW view as input to populate the PeopleSoft Journal Entry tables used by PeopleSoft General Ledger.

6. After you've created the journal entries for PeopleSoft General Ledger with the Journal Generator process, use the Journal Drill Down inquiry page to view and navigate to the accounting entries or to navigate PeopleSoft General Ledger.

7. Run the Receipt Accrual SQR Report process (PORC700) to review the totals for each expense account and the total accrued liability.