What is accrual application document in SAP LO-AGR-CC - Commodity Contracts, Expenses, Basic Functions?

SAP Term: accrual application document

• Component: LO-AGR-CC

• Component Name: Commodity Contracts, Expenses, Basic Functions

• Description: A document that represents company owned goods stored at a third party facility.

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• Key Concepts: 
  An accrual application document is a document used in SAP's LO-AGR-CC Commodity Contracts, Expenses, Basic Functions component. It is used to record the accrual of expenses and revenues that have been incurred but not yet paid or received. This document is used to ensure that all expenses and revenues are accounted for in the correct period.
  
  How to use it: 
  To create an accrual application document, go to the SAP menu and select the LO-AGR-CC Commodity Contracts, Expenses, Basic Functions component. From there, select the “Create Accrual Application Document” option. Enter the necessary information such as the date of the transaction, the amount of the transaction, and any other relevant information. Once all of the information has been entered, click “Save” to create the document.
  
  Tips & Tricks: 
  When creating an accrual application document, make sure to double check all of the information entered to ensure accuracy. Additionally, it is important to keep track of all accrual application documents created in order to ensure that all expenses and revenues are accounted for correctly.
  
  Related Information: 
  Accrual application documents are closely related to other accounting documents such as invoices and purchase orders. It is important to understand how these documents interact with each other in order to ensure accurate accounting records. Additionally, it is important to understand how accrual application documents are used in conjunction with other accounting processes such as budgeting and forecasting.