Accrual Reconciliation Report
Use the Accrual Reconciliation report to generate information for reviewing and reconciling accrual balances. As a cost accountant, you can review the balance of accrued supplier liabilities for a business unit using this report.
When to Use
You should run this process when you need to review balances in the accrual account. This report is typically generated at the end of the financial reporting period.
Privileges Required
- Run Accrual Reconciliation Report (CMR_RUN_ACCRUAL_RECONCILIATION_REPORT)
Specifications
Specification | Description |
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Job Type | Adhoc/On-demand |
Frequency | You are encouraged to generate this report at least once per reporting period. You should avoid scheduling this process more frequently than necessary for your business purposes. Avoid scheduling the process on a frequency that might overlap. Ensure that you maintain a lag between the end of a scheduled process and the start of the next scheduled process. |
Time of Day | Any time. |
Duration | Run time of this process will vary based on the number of transactions in the period. |
Compatibility | The process is designed to automatically detect incompatibilities and will gracefully branch around the incompatibility, log errors, and exit when necessary. However, it's highly recommended to schedule the processes in such a way as to avoid overlapping process runs. |
Parameters
Parameter | Optional or Required | Description | Parameter Value | Special Combinations Required | Notes |
---|---|---|---|---|---|
Business Unit | Required | You can run this process for a specific business unit to review the accrual balances. | Business Unit Name | N/A | You can run this report only for the business units you have access to. |
Accrual Account | Optional | You can use an accrual account in combination with business unit to review the accrual balances. | Account Name | N/A | N/A |
From Transaction Date | Required | Start date of a date range to filter the accrual balances. | Date | N/A | N/A |
To Transaction Date | Required | End date of a date range to filter the accrual balances. | Date | N/A | N/A |
From Item | Optional | Use this option to define the initial point of the item number range for filtering accrual balances by item. | Item number | N/A | Only useful when your item numbers are defined in a sequence. |
To Item | Optional | Use this option to define the end point of the item number range for filtering accrual balances by item. | Item number | N/A | Using the From Item parameter without the To Item parameter may result in slower performance. |
From Item Category | Optional | Use this option to define the initial point of the item category range for filtering accrual balances by item category. | Item category number | N/A | Only useful when your item categories are defined in a sequence. |
To Item Category | Optional | Use this option to define the end point of the item category range for filtering accrual balances by item category. | Item category number | N/A | Using the From Item Category parameter without the To Item Category parameter may result in slower performance. |
Supplier | Optional | Use this to review the accrual balances for a specific supplier. | Supplier Name | N/A | N/A |
Supplier Site | Optional | Use this to review the accrual balances for a specific supplier site. | Supplier Site Name | N/A | N/A |
Accrual Tolerance Amount Operator | Optional | A comparison operator to be used along with the specified Accrual Tolerance Amount | Operator | Used in combination with Accrual Tolerance Amount. | N/A |
Accrual Tolerance Amount | Optional | Specify the accrual tolerance amount to filter the balances based on the specified Accrual Tolerance Amount Operator. | Amount | Used in combination with Accrual Tolerance Amount Operator. | N/A |
Age of Last Transaction | Optional | Specify the age of the transaction to filter the accrual balances. | N/A | N/A |
You can optionally set the advanced parameters listed here.
Option | Description | Value | Notes |
---|---|---|---|
Schedule | Use this option to select the frequency of generating the report. |
|
N/A |
Output | Use this option to control the layout & output file format of the report. |
|
N/A |
Notification | Use this option to trigger notifications for the users. |
|
N/A |
Troubleshooting Information
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You can view the status of the process on the Scheduled Processes page.
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Error and warning messages encountered while running the process are displayed in the process log file.
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When the process is submitted, you can Resubmit, Put on Hold, Cancel Process, Release Process as provided by the Scheduled Processes page.
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To run the process, you must have data access to the appropriate cost organization.
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If the report balance doesn't match with the accounted amount in General Ledger, ensure that you've interfaced all the invoices accounted in the period to Receipt Accounting by running the Transfer Costs to Cost Management process and also ran the Create Receipt Accounting Distributions process. Also review and resolve errors, if any, by running the Run Receipt Accounting Period End Validations process.