Configure Purchase Order Accruals
Use this screen to identify the purchase order (PO) commitment amounts that must be accrued.
You can also establish the account and organization charge codes for the accrual liability. Accrual liability is an expense created as a result of a commitment (such as a purchase, payroll, or taxes) that is to be paid.
Purchasing accruals are a way to have purchase order commitment amounts post to the general ledger before you post the purchase order voucher on the Post Vouchers screen.
You must calculate purchase order commitments on the Compute/Print Purchasing Commitments screen before you create accruals on the Create Purchase Order Accruals screen.
Complete this screen when you decide to use purchase order accruals, before you create purchase order accruals on the Create Purchase Order Accruals screen but after you calculate purchase order commitments on the Compute/Print Purchasing Commitments screen in Purchasing.
You can return to this screen whenever you need to change the control parameters for creating accrual liability.
- Related Topics:
- Display the Configure Purchase Order Accruals Screen
You access the Configure Purchase Order Accruals screen from the Accounting domain. - Contents of the Configure Purchase Order Accruals Screen
Use the fields and options to configure the Configure Purchase Order Accruals screen. - Table Information for the Configure Purchase Order Accruals Screen
Changes to the Configure Purchase Order Accruals screen update the GL_CONFIG table.