Transaction Accounts

The table below lists the accounts, their use in transactions, and where they are set up.

Account Use Set Up
PO Receipt Accrual Used as a temporary holding account to track the amount of inventory that has been received but not yet paid for (received, not invoiced). Company (MA01.1), Process Level (AP00.5)
Item Cost Variance Suspense This is a temporary holding account that is used to offset a cost difference between the invoice unit cost and receipt unit cost for an inventory item. This transaction is passed to the Inventory Control application for posting. Used in detail matching. Company (MA01.1), Process Level (AP00.5)
Invoice Tolerance Used to offset a cost difference between the invoice goods amount and the receipt goods amount that is within or outside of tolerance. Used for invoice level or line invoice level matching. Company (MA01.1), Process Level (AP00.5)
Receipt Write-off Used to write off old receipts that cannot be matched. Company (MA01.1), Process Level (AP00.5)
Match Write-off Used to write off the amount you have paid for goods that you do not expect to receive or goods written off when receipts are adjusted. Company (MA01.1), Process Level (AP00.5)
Matched Not Received This temporary holding account is used to post amounts you have paid for goods but not yet received (invoiced, not received). Used for inventory items. Company (MA01.1), Process Level (AP00.5)
AOC Differences This temporary holding account is used to post add-on charge differences. Company (MA01.1), Process Level (AP00.5)
Match Prepay Differences This temporary holding account is used to post match prepayment differences. Company (MA01.1)
Underbill Write-Off This temporary holding account is used when the invoice amount is less than the receipt amount. Company (MA01.1), Process Level (AP00.5)
Returns Suspense Used as a temporary holding account to post inventory items being returned to vendors. Location (IC02.1)
Inspection Hold Used as a temporary holding account to track inventory items received and waiting for inspection. Location (IC02.1)
Freight Used when freight charges are applied against vendor returns. Location (IC02.1)
Handling Used when handling charges are applied against vendor returns. Location (IC02.1)
Scrap Used when inventory items are canceled off vendor returns or inventory items are rejected at inspection and written off. Location (IC02.1)
Inventory Used when inventory items are received. General Ledger Category (IC04.1)
Cost Variance / Adjustment Used when cost variances cannot be posted to the inventory account because no stock exists, or transactions costs are different than default unit costs. General Ledger Category (IC04.1)
Expense Used when non-inventory, special order, and services type items are received and when invoices are processed for these items. Entry forms (PO20, RQ10, AP20).
AP Accrual The liability account invoices are posted to when matched. Company (AP00.4), Process Level (AP00.5), Vendor (AP10.1), Company Vendor (AP10.5), Invoice Entry (AP20s)
Discount Accrual Used to accrue payment discounts prior to processing payment. Company (MA01.1)
Discount Earnings Used to post payment discounts taken during Payment Closing (AP170). Company (AP00.4), Process Level (AP00.5), Vendor (AP10.1), Company Vendor (AP10.5), Invoice Entry (AP20s)