TRAVERSE Tip: Using accruals in Purchase OrderYou can use the accrual functionality in TRAVERSE to properly account for goods received in Purchase Order that have not yet been invoiced. Accrual entries are created using the estimated cost as defined on the purchase order. These entries are later reversed and actual cost entries are made upon receipt of the invoice. Turn on the Accruals During Posting option in Purchase Order to use the accrual feature. You can specify the accounts used for accruals based on either distribution code or each inventory account code. |
|
|
|