You never have to enter all the receipts for a period before the end of this period. To prevent any period-end disruption, Purchasing lets you provide a receipt date that is different from the date you enter the receipts. Purchasing automatically creates receipt accruals for all receipts you entered up to the end of this period. Identify the purchasing period you want to reconcile and close.Ģ.Ğnter all receiving transactions for goods and services you received during the period. You can then use the Receipt Accruals - Period-End process as many times as you want to generate accrual entries for the receipts you choose.įor your period-end reconciliation, you should perform the following steps:ġ. You can use the Uninvoiced Receipts Report to analyze your uninvoiced non-inventory receipts before you accrue these receipts. Purchasing provides you with complete flexibility and control for your period-end accruals. General Ledger tracks actual and encumbrance journal entries and balances separately. Unlike accrual journal entries, encumbrance journal entries are not actual transactions. Similar to accrual journal entries, encumbrance journal entries recognize a liability towards your supplier before any invoicing transactions occur. If you use encumbrance or budgetary control, Purchasing creates encumbrance journal entries in your general ledger each time you approve a purchase order. If you want to record your invoice price variances to a separate account, use the Account Generator to define the business rules you use to determine the correct invoice price variance account. Purchasing uses the Account Generator to set your purchase order distribution variance account to be the same as your purchase order charge account. You do not record invoice price variances for expense purchases. PO Distribution Variance Account Invoice Quantity * (Invoice Price - PO Price)Ī/P Liability (Invoice price * Invoice Quantity)Īttention: Normally, you charge the original expense account for any invoice price variances, so your PO distribution variance account is the same as the PO distribution charge account. PO Distribution Charge Account Invoice Quantity * PO Price If you accrue your uninvoiced receipts at period-end, Payables records the expense transactions part of the accounting transactions: You can set up Payables to ensure that you pay only for the quantity you received. When you enter an invoice in Payables, you match each invoice line to a specific purchase order shipment in Purchasing. PO charge account Uninvoiced Quantity * PO PriceĮxpense A/P accrual account Uninvoiced Quantity * PO priceĪs soon as you open the next period, Purchasing reverses the accrual entries using the following accounting entries: Purchasing creates the following accounting entries for each distribution you accrue using the Receipt Accruals - Period-End process: Purchasing creates accrual entries only up to the quantity the supplier did not invoice for partially invoiced receipts. Each time you create accrual entries for a specific uninvoiced receipt, Purchasing marks this receipt as accrued and ignores it the next time you run the Receipt Accrual - Period-End process. Purchasing never accrues an uninvoiced receipt twice. If you use encumbrance or budgetary control, Purchasing reverses your encumbrance entry when creating the corresponding accrual entry. Purchasing creates an accrual journal entry in your general ledger for each uninvoiced receipt you choose using this form. Receipts Accruals-Period End Use the Receipt Accruals - Period End process to create period-end accruals for your uninvoiced receipts for expense distributions. See: Receipt Accruals - Period End Process You record all of your uninvoiced liabilities at month end using the Receipt Accruals - Period-End process. Purchasing does not record any accounting entries for expense during a receiving transaction if you use period-end accruals. If you are using encumbrance accounting, purchase order encumbrance is relieved when the invoice(s) matched to the purchase order are posted to the general ledger.You reverse accrual journal entries manually at the start of the new accounting period.Actual journal entries are created for the amount of the receipt liabilities, debiting the charge account and crediting the PO distribution accrual account (normally the Expense A/P Accrual Account defined in the Define Purchasing Options form).You record the total uninvoiced receipt liabilities accrued during the accounting period.Key points for accruing expense purchases at period-end include: Accrual Process for Period-End Accruals (Oracle Purchasing Help)
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For sure, you will hear the concert-goer shout, “Cue the music!” This means that they want the band to start playing their first song. DJ! Cue the music!” This means that they ask the DJ to start playing some music right that very moment.Īnother example is in a concert, and the band has not yet started their performance. The last music ends, and suddenly you’re there in the middle of complete silence. Let’s explore the meaning of the words “cue” and “queue,” as well as the phrases ‘cue the music’ and ‘queue the music.’ Cue the MusicĪs earlier mentioned, you say “cue” when you want someone to start playing music.įor instance, you are on a dance floor. But in reality, they are two words with different meanings. This is because they are pronounced in the same way and seemingly have similar meanings. People often use the terms “cue” and “queue” interchangeably. On the other hand, when you say ‘queue the music,” you are requesting someone to add that specific music to the lineup of songs in a playlist. When you request someone to ‘cue the music,” it means you want that person to start playing some music as soon as possible. Read on to learn more about the difference between ‘cue the music’ and ‘queue the music.’ ‘Cue the Music’ or ‘Queue the Music’ – Which Is It? On the contrary, when you say ‘queue the music,” it means to add that specific music to the lineup of songs in a playlist. When you instruct someone to ‘cue the music,” it means you want him to play some music right that very moment. Should you cue the music or queue the music? On the other hand, a queue (as a noun) is used to refer to a line of people or things whereas, as a verb, it means to line up in a queue.When you want to get a piece of good music ready to play, you put it on cue - or is it queue? These two words are confusing. As a verb, it means to give a cue or to strike with a cue. A cue, as a noun, is used to refer to a signal or a wooden rod used in a game like snooker or billiard. It is concluded that cue and queue are both used as a noun or a verb within a sentence. On the other hand, queue up means to line up to get something. Cue up means to position audio or video recordings to start playing. Remember their definitions and then use these phrases. You have to be careful about their different contexts. This is because of their pronunciation that makes everyone confused while writing.Īpart from this, the phrases ‘ cue up’ and ‘ queue up’ are both correct to use. So, it is clear from the above definition that cue and queue are two different words having same pronunciation but different meanings and functions.
The main plot revolves around familial tensions and lack of money – Robin has to give up ballet. The immigrant experience in Ribbons is not that of the protagonist, Robin, an aspiring ballerina, but of her grandmother. Main strengths of these two books are the depiction of a (mostly) close-knit and loving family and the incorporation of traditional Chinese stories. Yep does not shy away from pointing out the immense discrimination thrown at Chinese-Americans, nor from the damage done by miscommunication, despite the best of intentions. The amount of work these pioneers put in is staggering. Family dynamics! Friends! Misunderstandings! Kindly neighbours and horribly prejudiced neighbours. Set in the 1920s, Joan’s family moves from Ohio to West Virginia. An excellent series with complex characters, which portrays through the experiences of the different focal characters the factors which pushed as well as pulled Chinese workers to the Golden Mountain.Īlso historical fiction featuring a Chinese-American family, this time the immigration is trans-continental instead of international. Apart from the historical detail, the great triumph of this novel is the perspective, which is so complete that the reader accepts Otter’s norms unthinkingly the Irish-American characters seem as strange and foreign to the reader as they do to the protagonist. The scenes of Otter’s sea passage and his hours toiling underground are memorable in their detail. Life on the Golden Mountain is not the idyll Otter had imagined discrimination is blatant and work conditions are brutal. When Otter accidentally kills a man, his mother sends him to join his father in America. And also historical and contemporary fiction starring Chinese and Chinese-American characters.ĭragon’s Gate was the first of Yep’s Golden Mountain Chronicles (the third chronologically), and vividly depicts the protagonist’s immigration experience. The Tiger’s Apprentice series, for instance, an engaging fantasy with characters from Chinese mythology (the tiger of the title is an actual tiger, btw). More recently known for the charming A Dragon’s Guide to the Care and Feeding of Humans, co-written with his wife, Joanne Ryder, Laurence Yep is also famed for his many middle grade novels. Looking for an immigration story? Try Laurence Yep. |