The Summary Accrual Reconciliation Report can be used to analyze the balance of the Accounts Payable (AP) accrual accounts. You can accrue both expense and inventory purchases as you receive them. When this happens, you temporarily record an accounts payable liability to your Expense or Inventory AP accrual accounts. When Oracle Payables creates the accounting for the matched and approved invoice, Oracle Payables clears the AP accrual accounts and records the liability from the supplier site. See: Overview of Receipt Accounting.
The Accrual Reconciliation Report helps you monitor potential problems with purchasing and receiving activities that can affect the accuracy of your A/P accrual accounts. It displays the balance of each accrual account as well as partial representation of source of the balance
If you install Purchasing and Oracle Payables, you can run this report. If you accrue expense purchases on receipt, you can reconcile your expense A/P accrual account using this report. If you accrue expense purchases at period end and you do not perform inventory receipts, no information will be available to report. If you have installed Oracle Inventory or Work in Process, the Accrual Reconciliation Report also displays any inventory or work in process transactions for the accrual accounts.
Attention: Most commercial installations accrue expense receipts at period end because this information is not required as the receipt occurs. If you accrue expense purchases on receipt, you have more entries to reconcile in the A/P accrual accounts. In addition, if you also receive inventory, you need to use the Receiving Value By Destination Account Report to break out your receiving/inspection value by asset and expense.
In the Submit Requests window, select Summary Accrual Reconciliation Report in the Name field.
Select the operating unit for the report.
Enter your title for the report.
Lower limit of the balancing segment range you want the report to consider.
Upper limit of the balancing segment range you want the report to consider.