What is the recommended sequence for scheduling of receipt accounting processes?

The recommended sequence for scheduling the receipt accounting processes is:

1. Incoming transactions:

   • Transfer Transactions from Receiving to Receipt Accounting process. Interfaces receipt transactions.

   • Transfer Costs from Payables to Cost Management process. Interfaces accounts payable transactions.

2. Receipt accounting:

   • Receipt Accounting Distribution process.

   • Clear Receipt Accrual Balances process. Executes only if you have predefined accrual clearing rules. Marks purchase orders for automatic clearing.

   • Receipt Accounting Distribution process. Creates distributions for cleared accrual balances.

3. Subledger accounting:

   • Create Accounting process.

4. Reconciliation and reporting:

   • Match Receipt Accruals process. Matches purchase order receipt accruals with invoices from the payables application. Perform at period close or as needed for internal reporting and reconciliation.

     Note: You can also perform this step before running the subledger accounting process to know the approximate accrual amount for reconciliation.

   • Audit Receipt Accrual Clearing Balances process. Audit the General Ledger accounted accrual balances.