Question: What is the difference between Create Accounting – Cost Management and Create Accounting – Receiving?
Create Accounting – Receiving
belongs to Purchase Module – Added to Cost Management Module – It processes transactions from Receiving Subledger.
- “Create Accounting – Receiving” only accounts for Expense destination PO Receipt.
- Create Accounting – Cost Management request creates accrual journal entries, accrual reversals, and multi-period journal entries.
- The transaction will then be passed to GL via the Create Accounting – Cost Management program.
The process categories for this include:
- Inventory
- Manual
- Receiving
- Third Party Merge
- Work in Process
Create Accounting – Cost Management
accounts for all transactions costed by EBS Cost Management, which includes – Expense destination PO Receipt. All Inventory transactions including inventory destination POs, WIP transactions, Accrual Write Off transactions.
Note:
Create Accounting – Receiving is a wrapper to include an additional parameter application_id (for PO in this case), because Costing is creating accounting for the whole SCM and different applications.
When you run Create Accounting – Cost Management, you are supposed to run it from a responsibility associated with application_id=707 (cost management). In this case, it will process all accounting events from Inventory, WIP, and Receiving (defined by their SLA event entity).
When you run Create Accounting – Receiving, it will only process the accounting events from Receiving.
“Create Accounting – Receiving” (from PO resp) is a subset of Create Accounting – Cost Management. The difference is, “Create Accounting – Cost Management” process all PO Receipt transactions, Material transactions and WIP transactions accounting, while “Create Accounting – Receiving” processes PO Receipt transactions only.
Create Accounting – Receiving is a wrapper to include an additional parameter application_id (for PO in this case), because Costing is creating accounting for the whole SCM and different applications.