Accrual Creation
The accrual creation takes place based on the calculated accrual amount and accrual type information which is used to create an accrual adjustment. You can create the adjustments for accruals through the C1_ACCRE batch process. The accruals which are either in the Ready for Accrual or Processed status are considered in this batch process. Based on the adjustment type defined in the accrual type, the system accordingly creates the accrual adjustment for the account. The status of the accrual is changed to Accrued.
For more information about the batch, refer to Oracle Revenue Management and Billing Batch Guide.
The system also enables you to manually create the accrual for an account. You can optionally configure the approval workflow process for accruals. The approval process is configured through the approval profile. The approval profile allows you to define the approval hierarchy. The debit approval hierarchy is used for approving the accrual. You can define an approval hierarchy where users with different To Do role at each level can approve or reject the accrual. This process continues till the approval is received from all levels in the hierarchy. Once users at all levels approve the accrual, the status of the accrual is changed to Processed. However, if an approver at any level in the hierarchy rejects the accrual, the status of the accrual is changed to Rejected.