Introduction
Multi period accounting (MPA) enables users to create accounting for a single accounting event for more than one GL period. The functionality is primarily used to recognize revenue or a prepaid expenses or revenue across multiple GL periods.
Invoice Creation
Create Invoice for Multi period accounting.
To select view LOV and select column in Multi period Accounting should be enable in check box.
To mention the Start Date, End Date and Accrual Account- Holding account for the expense until they are recognized. Once validate and post ledger to the General Ledger.
We should run the seeded report in Tools>> Schedule new process>> Create Multi period Accounting Execution Report. Periodically run complete multi period accounting program.
Now you know how to use the Multi Period Accounting feature to create accounting entries across more than one accounting period.
