PLM Accruals

The PLM Accruals page allows you to enter all information pertaining to the selected lease charge.

If Accrued Expense and Accrued Expense Account have not been enabled as default during Accrual Setup, you can do so here.

Once at least one of the Accrual Line is recognized:

• Accrued Expense cannot be turned off

• Accrued Expense Account cannot be changed

The Accrued Expense and Accrued Expense Account can be changed when all the Accrual Lines are Reversed Recognized.

For additional information about the Accrual Recognition process, refer to Accrual Recognition.

The Total Amount on the PLM Accrual page should match the Total Amount for all periods on the Charge Details page.

On the Billing Details page, each period should be Bi-weekly.

On the PLM Accrual Page, each period should be Monthly.

For additional information about the Accrual Expense Report, refer to PLM Accrual Expense Report.

Actions

Action	Description
Accrued Expense	Default if expenses should be accrued.
Accrued Expense Account	Default GL Account for Accrued Expenses.
Recognize	Recognize the selected accrual.
Reverse Recognize	Reverse the recognition of a selected accrual. This can only be perform if the period is recognized.