What is the difference between accrue at period end and
accrue on receipt?
Answer / prasad
Accrue on Period
The Goods/service items which are already received by the Organisation however pending for receipt to be craeted,
a provision for Journal entry posted for these type of accrual which is payable in near future and is due for payment.
(Value already entered/reflect in the System - GL)
Accrue on Receipt
The Goods/service items which are already Receipt created, and is due for payment.
(Value already entered/reflect in the System - Receipt )
Is This Answer Correct ? | 0 Yes | 0 No |
Use of automatic offset method?
Client's requirement is that first invoice would be a proforma invoice. Second invoice would be Tax invoice. Presently, we are unable to use this approach of payment?
How many reporting Set of Books can be attached to one primary Set of Books
MOAC Setups
Give some examples of troubleshooting in support project with regard to AP,GL,FA
3 Answers Sierra Atlantica, Tech Mahindra,
What is the procedure of: Analysis of invoice holds and getting them released in Accounts Payables.
2 Answers IBM, Oracle, TATA AIG,
what is steps include after mapping in consolidation process?
How can we Integrate AP,AR,CM & FA to GL? What is the procedure need to fallow as a functional consultant?
what are the documents prepared by functional consultant under aim methodology, which document will be prepared in each phase and which is the important phase in aim.
What are the types of PO?
can we define 2 different currency revaluation at a time??
what is difference between realized and unrealised gain or loss?