Manage Accrual Run – A summary of the activity

Shop work orders, customer orders, purchase order, and repair orders are cost reference documents. Costs are booked only upon closure of tasks or work orders depending upon the set option. On running of accrual, all the costs that have been not been booked against the SWOs and the revenue pending against those are accounted.

This activity allows you to process for revenue and cost accruals on all booked and un-booked shop work orders and enables you to account for the same at the financial period / year closure.

What you can do in this activity

Initiate Accrual Run

• Select the “Run Date”

• Use the drop-down list box and select the “Finance Book”

• Select the required line items for which the accrual data should run.

• Click the “Initiate Accrual Run” pushbutton.

Cancel Accrual Run

• Select the “Accrual Run # From”.

• Click the “Cancel Accrual Run” pushbutton.

Process JV

• Select the “Accrual Run # From”.

• Click the “Process JV” pushbutton.