Create Accounting

Create Accounting transfers the distributions from Receipt Accounting to SLA and also to General Ledger.

You must run the Create Accounting process after you run the Create Uninvoiced Receipt Accruals process in the Accounting accrual run mode. The Create Uninvoiced Receipt Accruals process creates the corresponding distributions that you transfer to SLA and General Ledger by running the Create Accounting process.

1. In the Receipt Accounting work area, select the Create Accounting task.
2. Enter the values for these fields.

   Field	Value and Description
   Subledger Application	Select Receipt Accounting.
   Ledger	Select the required ledger.
   Process Category	Select Period End Transactions.
   End Date	Set the date till which the transactions must be accounted. If the End Date is same as or earlier than the period end date, you must run Create Accrual Reversal Accounting after you run Create Accounting.
   Accounting Mode	If you want to review the results, set the accounting mode as Draft, else set it as Final.
   Process Events	Select All.
   Report Style	The style of report to be generated. Summary - Select this option if you want to review the results. Detail - Select this option if you want to know the details of which transactions are accounted and which aren't. No report - Select this option if you don't want to generate the report.
   Transfer to General Ledger	Yes This ensures that the period end accruals and reversals are automatically created in General Ledger.
   Post in General Ledger	Yes This is mandatory to complete the accounting by posting to General Ledger. Ensure that you've the necessary privileges to access this option.

3. Click Submit.

Note:

• If you set Transfer to General Ledger and Post in General Ledger to No, then to complete the accounting by transferring the records from SLA to General Ledger and posting them, you must run the Post Subledger Journal Entries process from the Scheduled Process work area.

• The End Date determines whether you must run the Create Accrual Reversal Accounting process. This process creates a new journal entry on the first date of the next open general ledger period. You must make sure that the next general ledger period is in the open status before running the process, else the reversals entries will be unaccounted. If the End Date is later than the period end date, you don't need to run the Create Accrual Reversal Accounting process.

What to do next

You must run the Create Accrual Reversal Accounting process, which creates a new journal entry on the first date of the next open general ledger period. The integration with General Ledger ensures that the period end accruals and also the reversals are automatically created in General Ledger.