Create accrual schemes

Note

We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

This task guide steps through creating an accrual scheme. This task uses the USMF demo company.

  1. Go to General ledger > Journal setup > Accrual schemes.
  2. Click New.
  3. In the Accrual identification field, type a value.
  4. In the Description of accrual scheme field, type a value.
  5. In the Debit field, specify the desired values.
    • The main account defined will replace the debit main account on the journal voucher line and it will also be used for the reversal of the deferral based on the ledger accrual transactions.
  6. In the Credit field, specify the desired values.
    • The main account defined will replace the credit main account on the journal voucher line and it will also be used for the reversal of the deferral based on the ledger accrual transactions.
  7. In the Voucher field, select how you want the voucher determined when the transactions are posted.
  8. In the Description field, type a value to describe the transactions that will be posted.
  9. In the Period frequency field, select how often the transactions should occur.
  10. In the Number of occurrences by period field, enter a number.
  11. In the Post transactions field, select when the transactions should be posted, such as Monthly.