Accrual process

[tlisnich]

Does anyone have a good process or what is best practice for your month end accrual for unapproved invoices but ALSO for invoices that were approved say in March 2025, and thus hit the GL in March 2025, but were related to February 2025?  In this case, you'd want to book a reversing accrual for this invoice.  Our team added a custom attribute to code the service date, but this is obviously very cumbersome.  Do most people rely on say the bill date?

[PoojaKumatkar]

Hi @tlisnich ,

What we have done in one of my invoice project is, we have considered posting date field and created custom audit rule to check whether entered posting date is within open posting period or not. 

Let's say if posting date is not within defined posting period then system will throw error msg. 

Or

Maybe you can ask user/processor to input/update posting date same as invoice date and then consider that posting date field in your logic. With this all the invoices will be posted on same month/date which is nothing but invoice date. 

Here, we can put some control in case if user is trying to input some other date than invoice date.