EAP: Period End Accruals Enhancement
Last updated on MARCH 02, 2018
Applies to:PeopleSoft Enterprise FIN Payables - Version 9.2 and later
Information in this document applies to any platform.
When a voucher is posted in AP it is posted with an accounting date that is on the voucher. So a June 29th voucher with an accounting date of June 29 would have a posted date of June 29th no matter when it was posted. So it could be posted July 1 or July 2nd before the accrual process run and no accrual would be created for June.
The voucher then gets pulled into the GL through the journal generator process. If this does not happen until July 1st or July 2nd and the journal template is set up to create the journal for todays date and in some cases it is. The entry in the GL gets booked in July.
So no accrual is set up for this and it should be because the voucher was entered in June but did not get booked into the GL until July.
The system should be looking at when the voucher gets posted in GL to determine if an accrual is required.
The accruals that are not booked may be significant in some cases depending on the amount of the vouchers or the quantity of the vouchers.
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