Maintaining An Accrued Expense Subsidiary Record
These steps explain how to perform maintenance to an accrued expense on the subsidiary record.
IMPORTANT: BE VERY CAREFUL WHEN MAKING ANY CHANGES ON THIS SCREEN! A correction made here will NOT affect the G/L or the transaction history of the subsidiary record; only the subsidiary record will be changed. Any changes that are necessary to adjust the G/L or transaction history must be made manually. Changes here DO NOT affect the running totals on the history screen for subsequent transactions. It may be necessary to perform maintenance to other history items to achieve accurate running totals.
-
REMEMBER: Entries can be made to the subsidiary ledger but NOT posted to the General Ledger if the G/L is already correct.
-
Launch Tool #1772 Work/View Subsidiaries.
-
Highlight record to maintain, then select Edit.
-
Make edits where necessary.
-
Total Expense to Accrue ( - ) Accrued to Date * Months Remaining = Monthly Accrual Expense.
-
-
Select Recalculate.
-
Recalculate option will ONLY recalculate the Monthly Expense, which is the Total Expense to Accrue ( - ) Accrued to Date * Months Remaining.
-
-
Enter Comments if applicable.
-
Select Add/Update.