Accounting Event Details for Supplier Accruals
For every accrual, adjustment, and claim, there is an accounting entry. This appendix explains the events and their corresponding accounting entries in detail.
Accrual Event
Debit |
Credit |
---|---|
Accrual Asset Account |
Income or Discount on COGS Account |
Claim Settlement Event
Debit |
Credit |
---|---|
Payables Clearing Account |
Claim Accrual Asset Account |
Accounting Rules for Supplier Accruals and Supplier Claim Settlements
Event Class Name |
Journal Entry Rule Set |
Journal Line Rule |
Side |
Account Rule |
Mapping Set |
---|---|---|---|---|---|
Supplier Accrual |
Supplier Accrual Rule |
Accrual Asset |
Debit |
Accrual Asset Account |
Accrual Asset Account |
Supplier Accrual |
Supplier Accrual Rule |
Income or Discount on COGS |
Credit |
Income or Discount on COGS Account |
Income or Discount on COGS Account |
Supplier Claim Settlement |
Supplier Claim Settlement by Payables Rule |
Payables Clearing |
Debit |
Payables Clearing Account |
Payables Clearing Account |
Supplier Claim Settlement |
Supplier Claim Settlement by Payables Rule |
Claim Accrual Asset |
Credit |
Claim Accrual Asset Account |
Claim Accrual Asset Account |
Supplier Claim Settlement |
Supplier Claim Settlement by Payables Rule |
Claim Accrual Asset Account |
Credit |
Claim Gain or Loss Account |
Exchange Gain Account Exchange Loss Account |