What date to use for accruals

November 4, 2020

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Q.¬†What factors are used to determine when to accrue? My organization uses the three-way match principle and our fiscal year ended 09/30/2020. We are operating in dual years (FY20 and FY 21) until hard close in November. I have requested that departments attach any packing slips, box labels and invoices in the purchase order receiving records as supporting douments, but some have refused to comply. The AP clerks have had to enter tracking numbers (if available) to get proof of delivery from the…

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