Walkthrough: Post accruals for periodic conditions

As a Finance Manager, you want to have a clear view on your profits and losses. At the end of the fiscal year, you don’t want to be surprised by yearly bonuses that are posted in the last period. In your monthly reporting, you already want to include the impact of these periodical conditions.

• In the Sales and Purchase Condition Calculations, you can select the Post Accrual to G/L field. We selected this field in our quarterly and yearly discounts.
  • When this field is selected, expected condition ledger entries will be created on shipment a receipt postings.
• In the Sales and Purchase Condition Setup, you can select the Automatic Accrual Posting field. When selected, the expected condition ledger entries are automatically posted to the general ledger.
• In the General Posting Setup , you can select the accounts where the accrual is posted to.

To create posting setup for condition accruals

1. Select the Search icon , enter General Ledger Setup, and then choose the related link.
2. Open card of the Gen. Bus. Posting Group and Gen. Prod. Posting Group combination you want to setup accrual accounts for.
3. Fill in the fields as necessary. Hover over a field to read a short description.

To post condition accruals manually

1. Select the Search icon , enter Post Condition Accrual to G/L, and then choose the related link.
2. Post condition accruals to the general ledger manually by running the batch job. When you run this batch job, general ledger entries are created on the basis of (expected) condition ledger entries. You can post the entries so that they are summarized per condition rule.