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The Customer has a requirement for purchases to be accrued and posted to the general ledger once a purchase line is received and not invoiced. The accrual is then reversed when the line is invoiced. They do not use items/inventory as all purchases are expensed to a General Ledger account.
In the current design, expected costs can be posted only for Items.
STATUS DETAILS
Needs Votes
Ideas Administrator

Thank you for this suggestion! Currently this is not on our roadmap. We are tracking this idea and if it gathers more votes and comments we will consider it in the future.

Best regards,
Business Central Team

Comments

P

This funtionnality should be included in BC as it is in most other ERP. This is much needed for a lot of companies we deal with.

Category: Financial Management

P

This is becoming a very common request. When there is a PO for non-inventory Items, you would expect the costs to be accrued when the PO is received and not invoiced (i.e. DR. Expense CR. Accrual). However, for non-inventory Items, when the PO is just received it doesn't post anything in Business Central. This isn't accurate because there could be subcontractors that have performed the work but the final invoice has not been sent yet (hence accruals). It's a manual process to figure out which PO lines has non-inventory items at month end that has been received and not invoiced and ask users to book a journal entry to accrue for the amounts. If this can be done for inventory items why can't it be done for non-inventory items?

Category: Financial Management

P

Many of my customers have this same problem
- General Ledger lines on a PO do not accrue when received
- Non Inventory Items lines do not accrue when received

Instead they have setup way too many General Product Posting Groups, and Inventory Posting Groups (IPGs)and equivalent Items for Office Supplies assigning the Expense Acct into the Inventory Interim Acct.
That leads to the need to ignore those IPGs when running Inventory Reports.
Other ERP systems will accrue G/L Purchase Order Receipts lines to the G/L

Category: Financial Management

P

Very frequently asked! Also in relation to subcontracting invoices.

Category: Financial Management

P

Much needed feature ! Not all companies handle physical items. For a ''Service'' with a lot of requisiton/purchase orders, this is a must needed feature to speed up accuracy, budget tracking and month ends.

Category: Financial Management

P

I am using Recurring General Journals with Recurring Method "Reversed Variable" that is posted on the last day of the month (it automatically creates reversing entries on 1st day of the month).

Category: Financial Management