Professional Documents
Culture Documents
1st case : you will not create an invoice in the same month, let us assume that now we are in Apr-13
-From purchasing navigate to> Accounting > SLA : main user menu > Accounting events
-Then press on go
Po reserved journal will created , press on view journal entry button
CR reserve Account
-Now we are going to receive this po in Organization “We are at the end of April”
-we will run “Receipt Accruals - Period-End” from purchasing or from inventory responsibility
-Then run create Accounting in Apr-13 from cost management or Cost Management – SLA responsibility
1st event “Journal entry status “Draft” and Balance Type “Actual”, and GL date
-Charge Account in PO will be DR which means that the organization received a service
2nd event “Journal entry status “Draft” and Balance Type “Encumbrance” and GL date
This entry to close PO Encumbrance that created from PO approval and reservation, the entry will be
Through the 1st and 2nd events , you can run final Accounting and Data can transferred to GL and
financial statement will be Accurate and it proves that there is a service received in Apr-13
3rd and 4th events are incomplete, they will not transferred to GL in Apr-13 because they related to
May-13 so what is the importance of them, 3rd and 4th event include reversing entries for what
happened in Receiving in Apr-13 and this to avoid duplication when creating supplier invoice and match
in May-13, let us see that, after create Accounting in May-13, the status will changed for both events
from incomplete to Draft or final
3rd event “Journal entry status “Incomplete” and Balance Type “Actual” and GL date
4th event “Journal entry status “Incomplete” and Balance Type “Encumbrance” and GL date
CR reserve Account
So by 3rd and 4th journal entry , the effect of receiving of expensed PO and close encumbrance is
cancelled in MAY-13 “ it will be effective after running create Accounting in May-13”
Now we are going to create supplier invoice and match to PO 9
Then validate and create Accounting in “Draft Mode”, then from tolls > View Accounting
The debit line is “PO charge Account” which is extracted from PO during matching process
Let us select second event which is the closing of invoice encumbrance reserve fund check and this entry
because of the invoice is actually invoiced
-From purchasing navigate to> Accounting > SLA : main user menu > Accounting events
-Then press on go and select your event and press on view journal entries
-We will navigate to payable to create Invoice for supplier at the same month “Apr-13”
Then validate and create Accounting in “Draft Mode”, then from tolls > View Accounting
The debit line is “PO charge Account” which is extracted from PO during matching process
Let us select second event which is the closing of invoice encumbrance reserve fund check and this entry
because of the invoice is actually invoiced in Apr-13
By create an invoice to supplier in APR-13 the encumbrance is closed and no journal entries will be
generated event if, this expensed PO is received in Organization, running “Receipt Accruals - Period-End”
an create Accounting,