Bonus Accruals
Bonus amounts can be accrued in the general ledger and optionally, the item ledger. Although posting accruals is not mandatory (it depends on bonus type setup), it allows you to temporarily reflect future liabilities in your accounts until a settlement document is issued.
To set up general ledger accruals posting
- Choose the
icon, enter Bonus Types, and then choose the related link. - Choose New to add a new bonus type.
- Make sure the Post Accruals field is selected.
- Make sure there is a value in the Bonus Posting Group field.
- After looking up the bonus posting group, make sure the G/L Cost/Revenue Account and G/L Accrual Account fields contain values.
To set up general ledger and inventory accruals posting
- Choose the icon, enter Bonus Types, and then choose the related link.
- Choose New to add a new bonus type.
- Make sure the Post Accruals and Post Accruals to Inventory fields are set to True.
- Make sure there is a value in the Bonus Posting Group field.
- After looking up the bonus posting group, make sure the G/L Cost/Revenue Account, G/L Accrual Account and Accrual Charge (Item) fields contain values.
Important
Purchase bonuses cannot be accrued in the item ledger.
Posting Accruals
Accruals can be posted after a source ledger entry is created (by default) or according to a schedule with a job queue (For more information, see Job Queue Setup). The accruals are reversed during the bonus card closing procedure.
Dimensions
An accrual for a bonus entry is posted with the dimensions of the source ledger entry.
Source Code
An accrual for a bonus entry is posted with a source code defined on the Source Code Setup page for the bonus.
Posting Date
An accrual for a bonus entry is posted with the posting date of the source ledger entry. An accrual reversal is posted with the date selected in the Accrual Reversal Date set on the Bonus Card page.
Note
When posting accruals for inventory, the posting date is set by using the Adjust Cost-Item Entries batch job approach.