Payables accrual reconciliation

Payables accrual reconciliation is used to reconcile to the Payables accrual account.

When an accrual reconciliation account for Payables is scheduled for the period, the ledger amount is displayed in the Ledger Amount field.

Supporting detail

To provide supporting detail for the ledger amount, generate the Invoice Accrual Reconciliation report in Payables for the period end date.

  • The Reconciliation Details tab shows the record with period amount and this is where you can view the Invoice Accrual Reconciliation report.
  • On the Reconciling Items tab, create any reconciling items for the period. Reconciling Items can be carried forward to future periods or can be created for a period range.
  • The Accrual Codes tab shows all of the accrual codes that are assigned to the account that is being reconciled.
  • The Invoices Posted to Accrual Account tab shows any invoice with distributions to the account that is being reconciled.
  • The Non AP Journal Transactions tab shows any general ledger transactions that were not generated from Payables.
  • The Ledger Transactions tab shows the general ledger transactions that are posted for that period.
  • You can create distributions on the Distributions tab. For example, a write-off of an item and amount.
  • Optionally, provide a comment on the Comments tab.