Solution enviroment
Industry
CROSS-INDUSTRY
Line of Bussiness
Finance
Operations
Regions
Africa
Asia Pacific
Europe
Global
Latin America & Caribbean
North America
Product type
App
Prepaid Expense Accruals
Accrual of supplier invoices and prepaid costs.
EN
ES
DE
ZH-HANS
FR
RU
Situation
- SAP Business ByDesign is able to do a revenue accrual and recognition
- There is no possible way to accrual and recognize supplier invoices and costs
Challenges
- One of the most important tasks of financial accounting is the determination of profit. In doing so, all business transactions that belong to a period are recorded. Nevertheless, there are always transactions to be recorded that do not belong to the current fiscal year or period. These amounts must be accrued and are called accrual accounting.
Solution Inovation
- The app adds additional fields to the supplier invoice. These fields are accrual relevant, accrual method, start &, end date. After activating and filling these fields, the supplier invoice is posted and can be accrued automatically in the second step. A mass data run realizes the costs monthly depending on the accrual method. In addition, a cockpit gives
- an overview of each supplier invoice and the accrual status.
Value drivers
- Automatic value calculation
- Automatic accrual
- Automatic recognition of prepaid expenses
