Accruing expenses for pending invoices

Invoice expenses that are in a pending approval state can be accrued at the end of a month or an accounting period.

  1. Select Invoices and create an expense invoice.
  2. Complete the fields.
  3. Click Submit For Approval.
  4. Select Period End Close and click the Period End Invoice Expense Accrual link.
  5. Select a company or a Global Ledger Company Group.
  6. Specify the Post Date and the Interface Run Group fields.
  7. Optionally, replace the default account structure in the Override Accrual Account field.
  8. Click Submit.

    For each pending invoice, records are created in Transaction Interface in Global Ledger for the related distributions. These records can be reviewed and updated before Interface Transactions is run. Auto reversing journals are created when the Interface Transactions job is run. See Global Ledger User Guide.