Approve Project Accrual

Explanation

Use this activity to approve the Project Accruals. The Finance Controller can assess whether all the necessary information has been entered and approve the project accrual to process. At the moment of approving the project accrual, preliminary internal postings would be generated for each item in the project accrual. These new postings would be displayed in Project Accrual Posting Analysis page.

Prerequisites

• Project Accrual should be in the Submitted status.

System Effects

• The Project Accrual is set to Approved status.
• Preliminary internal postings would be generated for each item in the project accrual.
• Generated internal postings would be validated for errors, and indicated as such, should there be any errors.