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Accrual Engine Reversal

Former Member
0 Kudos

Hi Experts,

We are using the Manual Accruals to post accruals to our system. When the accrual's life is over, for example tax accruals, the actual accrual should be reversed and then the real invoice or payment is made.

For some reason, it doesnt appear the manual accrual does this, any ideas?

We are not using standard accrual postings in FI because that doesnt provide the ability to have segregation of duties.

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Answers (1)

Answers (1)

Former Member
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Are you referring to Use Tax or accrual documents which get canceled of on the first day of a month?

If it is FBS1, then you enter a reversal reason and also the reversal date (usually first day of the next month) and that would reverse the document.

Can you explain a bit more in detail your issue?

Former Member
0 Kudos

Yes,

The standard FBS1 program doesnt satisfy our requirement of segregation of duties, one person must park a document and another review and approve. Because of this we are implementing the Accrual Engine.

The problem is if we do an accrual over a year for taxes for example. At the end of that year, the accrual's life is over and we reverse the entire amount as if it never happened. Then an actual tax payment would be made for that amount.

It doesnt seem that the accrual objects reverse when their lives are over. Any ideas?