Receipt Accounting Tasks and Accounting Events
Use Receipt Accounting to:
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Create accruals for purchase order receipts that are expensed or shipped to inventory.
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Create accruals for intercompany trade flows.
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Create receipt inspection accounting for purchase order and interorganization receipt flows.
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Support budgetary control and encumbrance accounting
Receipt Accounting also has tools to help you reconcile the accrual clearing accounts as the accruals are offset by the accounts payable accounting when invoices are processed.
Receipt Accounting Tasks and Accounting Events
The following table describes the Receipt Accounting tasks and processes to support receipt, inventory, and manufacturing accounting, and the sequence in which the tasks should be executed.
Task |
Navigation |
Resulting Events |
---|---|---|
Transfer receipt transactions and tax determinants from Receiving to Receipt Accounting. |
Scheduled Processes work area > Schedule New Process > Transfer Transactions from Receiving to Costing |
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Transfer accounts payable transactions from Payables to Receipt Accounting. |
Scheduled Processes work area > Schedule New Process > Transfer Costs to Cost Management |
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Create accounting distributions for receipts of accrue at receipt purchase orders. |
Receipt Accounting Work Area > Create Receipt Accounting Distributions |
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Create period end uninvoiced receipt accruals. |
Receipt Accounting work area > Create Uninvoiced Receipt Accruals |
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Create subledger accounting. |
Receipt Accounting work area > Create Accounting |
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Review accrual distributions and tax calculations. |
Receipt Accounting work area > Review Receipt Accounting Distributions |
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Clear receipt accruals. |
Receipt Accounting work area > Clear Receipt Accrual Balances |
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Generate and view reconciliation reports. |
Scheduled Processes work area > Schedule New Process > Accrual Reconciliation report Scheduled Processes work area > Scheduled Processes > Accrual Clearing report |
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Create receipt accounting distributions. |
Receipt Accounting work area > Create Receipt Accounting Distributions |
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Review uncleared accrual balances and perform adjustments. |
Receipt Accounting work area > Adjust Receipt Accrual Balances |
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Match purchase order receipt accruals with invoices from payables. |
Receipt Accounting work area > Match Receipt Accruals |
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Review accrual clearing balances. |
Receipt Accounting work area > Audit Receipt Accrual Clearing Balances |
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