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What is meant by accrual write off?
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Writing of Accruals which are not matched to particular PO
or Receipts, we run a accrual write of Report and select
all the Payable invoices that are not related to any PO and
also duplicted invoices and reverse these entries.
Tha happens when PO Module is not implemented.
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Answer / kikk raj
HI ,
Accrual write off is tightly linked with accrual reconciliation report.
Ideally Accrual reconciliation report, should show only pending accrual amount for which liability is not yet booked.
Standard Accrual reconciliation report shows all the transactions where ever accrual account was used in subledgers AP, Inv which were not closed.
If there are any unwanted lines appearing in the accrual reconciliation report the same can be corrected through accrual write off functionality.
Accrual write off will only eliminate the transaction appearing in the accrual reconciliation report. A manual JV needs to be passed in GL to maintain the balances tallied with GL & Accrual reconciliation report.
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