Create an Accrued Receivable

To record revenue for which you will not bill a customer, use the Accrued Receivable (ARE) document. This document provides a subset of the functionality of the Receivables (RE) document.

The following scenario illustrates the creation of a accrued receivable document and the updates the document makes to the budgets, journals, and AR specific inquiry tables. The receivable is setup to send to the customer in the form of an invoice and included on a statement.

Create an ARE document from the Document Catalog.
Complete the Header section.
- No particular Header field is mandatory nor is any required for this task. However, Document Name and/or Document Description can be conditionally required with the Document Control (DCTRL) table.
- If the current Application Date should not be used, then manually enter the correct date in the Record Date field.
- If the default Fiscal Year should not be used, then manually enter the correct year, (that is, prior year or next year), in the Fiscal Year field. Any manually entered year will be used on all accounting lines unless manually entered at that level.
- If the default Accounting Period should not be used, then manually enter the correct accounting period, (that is, prior period or next period), in the Period field. Any manually entered period will be used on all accounting lines unless manually entered at that level.
Complete the Vendor section.
1. Enter a Customer Code. Click the pick list to select the appropriate customer code or type a valid code.
2. Set the Misc Account check box to True, if this is to be a Miscel Accrued Receivable.

Complete the Accounting section.
1. Expand the Accounting section.
2. Click Insert New Line to create an accounting line.
3. Enter an Event Type (Conditional - required only if different than default event type).
  
  If not entered, the default Event Type as defined on the Allowable Event Type for Document Code is inferred.
4. Enter the Line Type.
  
  The default and only value used is A - Principal.
5. Enter Line Amount.
6. Enter Accounting Template.
  
  Alternatively, complete the CoA on Fund Accounting and Detail Accounting sections.
7. Complete COA on Fund Accounting and Detail Accounting sections.
Click the Validate button to validate for errors.
If errors exist, fix the errors and repeat Step 5. If no errors exist, then continue with Step 7.
Click the Submit button to submit the document.