![]() Purchasing optionally accrues uninvoiced receipts of non-inventory items when you close a period. The option used is dependent on how you compare encumbrance to budget balances in inventory for your organization. You have options to determine whether Purchasing and Inventory reverse encumbrances. The inventory expense is recorded at delivery if you use Standard Delivery and at receipt if you use Direct Delivery. This transaction is automatically recorded in your general ledger at the time of receipt. Purchasing automatically records the accrued liability for your inventory items at the time of receipt as perpetual accruals. Inventory and Purchasing provide you with visibility and control of your accrued liabilities for inventory items. Overview of Receipt Accounting Inventory Accruals Overview of Receipt Accounting (Oracle Purchasing Help) ![]()
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