Receive G/L account line

Using normal purchase order processes, post the receipt of the purchase order G/L Account line, ensuring that the Qty. to Receive field is populated.

Accrual Entries Posted

Accrual Entries will be posted to the General Ledger. The expense account is affected on the day of the receipt. The opposite side of the journal is to the G/L Expense Accrual Acc. (Interim) set up on the General Posting Setup page.

Invoicing a G/L account line

Using normal purchase order processes, post the invoice of the purchase order G/L Account line.

This may be a different date to when you received the service. Ensure that the Qty. to Invoice field is populated.

Accrual Entries Reversed

The first part of the posting is to reverse the accrual entries. In this example, entries for accounts 8320 and 5550 were reversed.

Invoice Entries Posted

The second part is to post the invoice. The net effect on the expense account when the invoice is posted is NIL.