In the pending invoices screen is should be possible, as it is in the invoice approval screen, to select an accruals scheme that allows an invoice to be distributed across a number of periods. Ideally, it should be possible to select the scheme on line level.
Comments
This should be as standard together with a report to show at any given time what the accrual balance.
THe current accrual scheme functionality doesn't let anybody reconcile the prepayment balances
Category: Accounts Payable
This is how we did it at Microsoft Consulting Services: https://erconsult.eu/blog/provisions-accruals-deferrals/ , see deferrals
Category: Accounts Payable
Please consider this soon so that we can be compliant to IFRS.
Thanks.
Category: Accounts Payable
It should be possible to select an accrual scheme in pending invoices to comply with the IFRS rules that dictates that cost will be recognized in the period in which they occur/consumed/received.
Category: Accounts Payable