Support Alert......!!! Create accrual schemes [AX 2012]

Create accrual schemes [AX 2012]

Ledger accruals redistribute the costs or revenues of a journal line so that the costs and revenues are recognized in the appropriate periods.

The following steps describe how to create an accrual scheme. After you have created an accrual scheme, you can complete allocation key accrual schemes and calendar key or fiscal key accrual schemes. For more information, see the next sections.

1. Click General ledger > Setup > Posting > Accrual schemes.

2. Click New to create an accrual scheme.

3. Enter an accrual identification and a description of the scheme.

4. On the General FastTab, select account numbers in the Debit and Credit fields.

The account numbers are used for posting the accrued debit amounts to an asset account, and for posting the accrued credit amounts to a liability account.

5. In the Voucher field, select how to handle voucher numbers on the accrual transactions:

o Base - The main voucher number should be used for all generated transactions.

o Single - A new voucher number should be used for each transaction date.

o Multiple - A new voucher number should be used for all accrued transactions.

6. If you selected Single or Multiple in step 5, select a number sequence code for the voucher numbers. If you selected Base, the Number sequence code field is not available, because the main voucher number is used.

7. Enter a description that you can use on all the accrued transactions. If there is no description in this field, the description from the main voucher is used.

8. If you select Calendar or Fiscal in the Calendar type field, and select an option other than Day in the Posting frequency field, select when the accrued transactions should be posted in the Posting date field.

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1. Complete the previous procedure.

2. In the Calendar type field, select the basis for the duration of the accrual:

o Calendar - Accruals are made according to the calendar year.

o Fiscal - Accruals are made according to the fiscal year that is defined in the Fiscal calendars form for the fiscal calendar that is selected in the Ledger form.

3. Select the period frequency, such as Monthly or Quarterly.

4. In the Length field, enter the number of occurrences for the selected period frequency, such as 4 quarters.

5. If you selected Calendar in the Calendar type field, select a posting frequency.
Note

Period frequency and posting frequency are not necessarily the same. For example, a duration of 2 years typically requires postings every month.

o If you selected Monthly or Quarterly in the Posting frequency field, you can indicate if the same amount should be posted all months, or if the amount posted each month should be based on the number of days in the month, relative to the total number of days. Select Even in the Value posting field if all months or quarters should be debited the same amount. Select Scale if each month should be debited based on the number of days in the month, relative to the total numbers of days.

o If you selected Fiscal in the Calendar type field, the Posting frequency field is not available. The posting frequency then is equal to the number of periods in the fiscal year, as defined in the Fiscal calendars form for the fiscal calendar that is selected in the Ledger form.

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1. Complete the procedure in the "Create accrual schemes" section.

2. In the Calendar type field, select Allocation key as the basis for the duration of the accrual.

Accruals are made according to a period key that is defined in the Period allocation categories form.

3. Select a period key in the Period key field.