Hi, In Accrual schemes, we can define Debit & Credit Accrual accounts, Period frequency and length.
E.g. You are paying rent $12,000 for 6 months upfront on 5th of Jan. But this is rent is for period Jan to June. Hense need to be posted equally for six months, on every 1st. Instead of posting whole $12,000 as rent on 5th Jan. In such situation, if Accrual scheme can be used. Create Accrual scheme with monthly period frequency and length = 6. Specify Debit & Credit Accrual accounts. Create General Journal for rent payment (date: 5th Jan, amount $12,000). Click on Functions>Ledger Accruals, Select Accrual Identification & click ok. Post the journal. It will divide, rent into 6 same values and post it on 1st of every month from Jan to Jun. Date Account Dr Cr 5-Jan Accr Dr 12000 5-Jan Bank 12000 1-Jan Rent 2000 1-Jan Accr Dr 2000 1-Feb Rent 2000 1-Feb Accr Dr 2000 and so on till June! Hope this helps you to understand Accrual schemes in AX. Regards, Yogesh Kasat --- paulparry147 <[EMAIL PROTECTED]> wrote: > In Dynamics AX4 there is a general ledger, posting > option to set up > accrual schemes. > > How are these then posted to the general ledger and > a value attached > to the debit and credit accounts. > > > > ____________________________________________________________________________________ Sponsored Link Degrees online in as fast as 1 Yr MBA, Bachelor's, Master's, Assoc http://yahoo.degrees.info
