Accrual schemes are used to set up the deferred revenue and costs, and the same accrual scheme can be used for both revenue and costs. Ledger accruals redistribute the costs or revenue of a journal line so that the costs and revenues are recognized in the appropriate periods. On the Accrual scheme page, you specify the debit and the credit accounts that will be used when the accrual scheme is applied.
- Debit – The main account that you define will replace the debit main account on the journal voucher line. This account will also be used for the reversal of the deferral based on the ledger accrual transactions.
- Credit – the main account that you define will replace the credit main account on the journal voucher line. This account will also be used for the reversal of the deferral based on the ledger accrual transactions.
After you determine which accounts to use, you can specify how the voucher number is created when accrual transactions are created. You can also specify how often the transactions occur, the number of times that the transactions are created and when the transactions are posted. After the accrual scheme has been created, you can use it in some of the journals by using the Ledger accruals function.