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 details

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

This list shows the tabs that are available:

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