Friday 4 February 2022

 Accrue at Receipt and Accrue at Period End


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Accrue On Receipt means that when a receipt is saved, accrual transactions are immediately recorded and sent to the general ledger interface. This is also known as "online" accruals. 


 Accrue at Period End means that when a receipt is saved, the accrual transactions are not immediately recorded and sent to the general ledger; instead, the accounting entries are generated and sent at the end of the month by running the Receipt Accruals - Period-End Process. 

All items with a destination type of either Inventory are accrued on receipt. 

For items with a destination type of Expense, you have the option of accruing on receipt or at period end.

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