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Accruing Payables

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Katfra
Advanced Member
Posts: 30
Advanced Member
3/31/2010 2:26 PM
    Hello,

    Is there a function in Lawson AP that will allow you to accrue payables? At the end of each month, we have payables coming in at the last minute and at some point, we just have to close our payables down. However, everytime this happens, we have some significant invoices come in that need to be posted so the Accountants would make a reversing JE to essentially accrue the payable. I was hoping there was a function in AP that would actually do this??

    Thank you,

    Frank
    Gail Gudgel
    Basic Member
    Posts: 14
    Basic Member
    4/16/2010 8:55 PM
      Frank, I have been wishing for the same thing. I even wrote up an enhancement request (see ER Number 6939). maybe if more users chimed in that they would like to see this type of enhancement, Lawson would consider it.

      Gail
      Gail Gudgel
      Basic Member
      Posts: 14
      Basic Member
      4/22/2010 3:55 PM
        I just checked out myLawson, and the ER #6939 has disappeared. so I resubmitted my enhancement request - see new ER #16896. Here is a brief overview of the enhancement request-expenses for utilities, & other monthly expense vendors need to be accrued-in AP20 add secondary entry screen that has fields for billing period dates, then have subsystem that looks at paid thru date,looks at company calendar (GL10) and calculates amount to accrue. creates a report to review (like CA110) that is verified/corrected before it is run in update.
        Gail Gudgel, URM Stores, Inc.
        Katfra
        Advanced Member
        Posts: 30
        Advanced Member
        5/3/2010 11:02 AM
          Gail,

          That sounds great. Where do i go to review ER#'s?
          Gail Gudgel
          Basic Member
          Posts: 14
          Basic Member
          5/5/2010 4:04 PM
            Frank- go to myLawson.com, Products & Services, Request an Enhancement, inquire on ER #16896- once there, if you feel your company could benefit from this enhancement, there is a "Me Too" button you can select. If enough customers request the same enhancement, it would improve the chances of Lawson actually implementing it. Thanks for your interest.