The process of managing purchase order accruals, which involves recording and deferring costs and payments for goods and services in SAP S/4HANA 1909, was challenging before the introduction of S/4HANA Accruals Management. This tool helps you automate and streamline the process of accruals accounting. It enables you to create, post, and monitor accruals in real time, ensuring accuracy and compliance.
Accruals refer to invoicing expenses in future periods, while deferrals involve delaying the recognition of revenues or expenses until a more appropriate time.
In this pdf document, you will get a brief introduction to accruals in SAP, overview of purchase order accruals process and detailed transactional flow with screenshots in SAP S/4HANA of following processes;
- Create Purchase Order – ME21N
- Display Accrual Objects – POACTREE03
- Edit Time Intervals for Accruals Reviews and Approvals -FACRATIVL
- Propose Periodic Amounts – ACEPROPOSALRUN
- Review Purchase Order Accruals – Purchase Order Owners – FACRARVWBU
- Review Periodic Accruals – Controllers – FACRARVWCO
- Periodic Posting Run – ACEPOSTINGRUN
- Display Accrual Objects – POACTREE03
- Supplier Invoice – MIRO
- Display Accrual Objects – POACTREE03
Download – Beginner’s Guide to SAP S/4HANA Accruals Management