SAP FI CO (Financial Accounting & Controlling)
SAP FI CO (Financial Accounting & Controlling) Forum
My query is about Accrual concept in sap?
please share your valuable thoughts,
thanks in advance.
Expense : Accrual concept is to record accrual expense before real invoice is sent to you.
Example:- You know that you have room charge on January 2015 for 100$. Hotel usually sends invoice on February 2015. If you wait until February and post expense. Expense amount will not reflect real expense that you spend on January 2015. In this case, company know how much expense for room charge. So, company record expense in January 2015 as accrual account. After hotel submits invoice in February 2015, company will clear accrual account to real vendor and waiting for payment.
Accrual Accounting in January 2015
Cr. Accrual Vendor <open-item>
Invoice February 2015
Cr. Accrual Vendor <choose open-item from January 2015>
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