Automatic Supplier Invoice Accruals
With this solution, it becomes possible to accrue supplier invoices immediately upon posting. The accrual is based on the values entered at the invoice line-item level. At the end of the month, a run is executed to allocate the associated costs to the correct period.
By Stretch AB
Overview
Work more efficiently with accruals directly from supplier invoice entry
With this app, you can eliminate many of the manual steps associated with accruing supplier invoices. Additionally, the solution helps allocate costs to the correct period while still allowing the invoice to follow the default approval process.
Enjoy easy reconciliation with included reports specially made for this solution
With the added report, it is easy to verify that the balances for G/L accounts associated with accruals are correct. The report also ensures that credit memos display the correct values and allows for easy interpretation of what remains to be accrued.
Reduce the risk of manual errors in accruals through automated processes
In the SAP Business ByDesign standard process for managing supplier invoice accruals, the manual process for creating recurring journal entry vouchers can easily be forgotten and is prone to human error. By minimizing the number of manual steps needed, the associated risks are reduced.
Details
Solution type
Extensions and Add-ons
Industry
Cross-Industry
Compatibility
Works with
SAP Business ByDesign
Features
Accrue Supplier Invoices
The app adds fields to the supplier invoice entry screen, enabling you to enter all necessary information about how the invoice should be accrued and which period the costs relate to. It also provides a clear link between the accrual and the invoice, allowing easy tracing and improved transparency.
Executing the Periodization run for posting the costs each month.
At the end of the month, the supplier invoice accrual app provides a run that ensures costs are accrued and posted in the correct period. This job can be run manually or scheduled, eliminating the need to perform manual steps during the monthly closing.
Report for reconciliation
The package includes two reports that enable quick and easy reconciliation of G/L account balances, ensuring the open amounts correspond with what’s left to accrue. An additional report displaying future costs for each upcoming month is also included.
Plans and pricing
Supplier Invoice Accruals
Installation
User training with comprehensive training materials
Technical support
Updates and future enhancements
- + EUR 3900.00 Setup Fee
- Minimum contract 1 year
Installation
User training with comprehensive training materials
Technical support
Updates and future enhancements
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Accounting and Financial Close |
| Industry | Cross-Industry |
| Works with |
SAP Business ByDesign |
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Deployment |
|
| Globalization |
Localized for business best practices This product has been localized to incorporate local business best practices (e.g. support for local currencies). |
Resources
Supplier Invoice Accruals
Contents Supplier Invoice Accruals for SAP Business ByDesign
Supplier Invoice Accruals for SAP Business ByDesign by Stretch Evolve
Publisher
Stretch AB
Stretch Evolve has been a SAP Gold partner since 2002. Located in both Gothenburg and Stockholm, we are 100+ SAP experts and change leaders with a focus on creating business value for our clients, all of whom use a business system by SAP.
