Share
ReportHi,
Can we use Accrual scheme for purchase order ?
Regards
Vinay Prudhvi
You’re offline. This is a read only version of the page.
161
Hi,
Can we use Accrual scheme for purchase order ?
Regards
Vinay Prudhvi
Yes Ludwig,
I totally agree. Let's post it on ideas portal.
Hi Junaid/Ramit,
I think the general problem is that we have to many integration points that make it difficult for an automated invoice processing.
As an example: PO invoices are posted via the pending vendor invoice form, others via invoice journals and further above it is suggested to use also GL journals.
These are three forms and make things confusing for a manual handling.
An automated import and matching of all invoices is difficult if different forms are used.
That's why a single form e.g. the pending vendor invoice form that can handle all kind of invoices is perfect but it currently has some limitations especially when it comes to accruals.
We should probably post an idea on the ideas portal?
What do you think?
Best regards,
Ludwig
Hi Vinay,
Usually we pay insurance premium for 06 months or Yearly.
When we buy insurance we post:
Debit: Prepaid insurance
Credit: Cash
Then we post adjusting entry at the end of every accounting period:
Debit: Insurance Expense
Credit: Prepaid Insurance
Why don't you use Accrual schemes on invoice journal to keep it simple.
Find below some information on Accrual scheme:
Hello Vinay,
I am wondering why Insurance comes under PO accrual?
Based on my experience this type of accrual can be booked either with Cost invoice by invoice register with accrual scheme and invoice approval or invoice journal with Accrual scheme.
Another option is you can book with GL journal entry with accrual scheme.
To customize system for this context will require more effort where as we already have possibilities in system and that is fit to accounting.
Thanks Ludwig
Good morning Vinay,
There are two options that I see for this.
Option 1:
Create 12 lines in your PO that represent each a separate month and post the lines separately into the different months
Option 2:
Make a system modification.
Best regards,
Ludwig
Hello Every One,
One of the client asked i want to process Employee insurance invoice through purchase order, So Insurance expenses not pertains to one month generally we will apply accrual scheme.
Is there any functionality available in our AX. if available required any customization or standard functionality available?
Regards
Vinay
Good morning Vinday,
Do you have any update / feedback for us on this issue?
Many thanks and best regards,
Ludwig
Hi Vinay,
Why would you create an accrual scheme for a purchase order?
If you purchase items that are stocked then the value of those items are put in your warehouse.
From a financial perspective this is a pure balance sheet transaction that does not impact your P&L.
Can you elaborate what you want to accrue?
Many thanks,
Ludwig
Hi Vinay,
Can you share some details what exactly is your business requirement to suggest you the better solution.
If you want to create accrual for your procurement expenses then Yes there is a functionality in ax 2012.
#1
André Arnaud de Cal...
292,516
Super User 2025 Season 1
#2
Martin Dráb
231,409
Most Valuable Professional
#3
nmaenpaa
101,156
All responses (
Answers (
