Microsoft Dynamics AX (Archived)

accrual scheme setup

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Posted on by subashini

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Hi Experts,

Could you please provide me the link to accrual scheme setup and how it works in ax2012 as i am getting confused

Thanks in advance

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guk1964 10,888 on at

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Did you try Help? https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/accruals-overview

This is a good walkthrough https://vsdynamicsfinance.wordpress.com/2013/11/06/setup-accrual-schemes/ also see https://www.axpulse.com/2015/08/05/ledger-accruals-in-microsoft-dynamics-ax-2012/

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subashini 858 on at

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Hi Magi,

I already gone through the second link which you provided but i have a confusion when we apply the ledger accrual to the charge account how the below entry is effecting

charge account debit

accrual account credit

instead of charge account debit

temporary account credit.

Could any one explain me the logic behind this.

Thanks in advance

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Ludwig Reinhard Microsoft Employee on at

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Hello subashini,

You usually have the first posting

DR: charge account

CR: Accrual account

Where do you have the confusion exactly?

Best regards,

Ludwig

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guk1964 10,888 on at

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I think what you call the temporary account is what Ludwig calls the Accrual account

Seethe first help link

On the Accrual scheme page, you specify the debit and the credit accounts that will be used when the accrual scheme is applied.

Debit – The main account that you define will replace the debit main account on the journal voucher line. This account will also be used for the reversal of the deferral, based on the ledger accrual transactions.

Credit – the main account that you define will replace the credit main account on the journal voucher line. This account will also be used for the reversal of the deferral, based on the ledger accrual transactions.

I.e the accrual account is reversed out. or...….as it says alter

If an accrual scheme can't be applied (for example, when a sales order invoice or purchase order invoice is involved), you can credit the prepaid amount and debit the expense amount...….and can then select Offset when you apply the accrual scheme.

You can see another example here http://youmsdax.blogspot.com/2018/11/ledger-accruals-posting.html

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Elijah Aremu 5 on at

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Which is more ideal and why :

the same or different debit and credit main accounts, on the accrual scheme setup?

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Junaid Idrees on at

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Hi Elijah Aremu,

It depends what exactly you are trying to achieve. Ideally both should be different ledger account.

You can find the detailed explanation on the below link:

docs.microsoft.com/.../accruals-overview

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