Accrual schemes (form)
Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012
Click General ledger > Setup > Posting > Accrual schemes.
Use this form to create and manage accrual schemes. Accrual schemes help make sure that an expense or income is posted in the period in which it occurs, regardless of whether the related payment has been made or received in that period.
The following situations are examples of when accrual schemes might apply:
Insurance
Magazine and newsletter subscriptions
Rent
When you calculate the profit for January, for example, you should deduct only the expenses that relate to that month. If you paid expenses for February and March in January, you could set up an accrual scheme to make sure that only the January expenses are deducted in the January profit calculation.
Task that uses this form
Navigating the form
The following tables provide descriptions for the controls in this form.
Tab
Tab |
Description |
|---|---|
General |
Specify information for the selected accrual scheme, such as duration and posting rules. |
Fields
Field |
Description |
|---|---|
Accrual identification |
Enter the identifier for the accrual scheme. |
Description of accrual scheme |
Enter a description for the accrual scheme. |
Debit |
Enter the debit account for posting in the general ledger. Note Ledger accounts are represented by using both a debit and a credit account, because accrued debit amounts should be posted to an asset account, and accrued credit amounts should be posted to a liability account. |
Credit |
Enter the credit account for posting in the general ledger. Note Ledger accounts are represented by using both a debit and a credit account, because accrued debit amounts should be posted to an asset account, and accrued credit amounts should be posted to a liability account. |
Number sequence code |
Select the number sequences for the automatic allocation of voucher numbers. Note This field is available only if you selected either Single or Multiple in the Voucher field. |
Voucher |
Select the voucher number method that will be used for the accrual.
|
Description |
Enter the description that will be used on the accrued transactions. Note If you do not enter a description in this field, the description from the voucher on the journal line is used. |
Posting date |
Select whether the posting date will be at the beginning, middle, or end of the period. |
Calendar type |
Select the calendar type, which determines whether accruals will be made according to the fiscal year, the calendar year, or an allocation key. |
Period frequency |
Select how frequently ledger accruals will occur during the calendar or fiscal year. Note This field is available only if the calendar type is Calendar or Fiscal. |
Length |
Enter the number of units of time that this accrual scheme must cover. For example, if the calendar type is Calendar, the period frequency is Yearly, and the length is 3, the accrual scheme covers three years. Note This field is available only if the calendar type is Calendar or Fiscal. |
Period key |
If the calendar type is Allocation key, select a period key. Period keys distribute budget register entries in fiscal year periods, or to explode sales orders in defined periods. You can set up period keys in the Period allocation categories form. |
Posting frequency |
Select how frequently posting will occur during the calendar year. This field is available only when the calendar type is Calendar.
|
Value posting |
Select how the amounts should be posted. If Month or Quarter is selected as the posting frequency, select one of the following options:
|
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