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

SAP Term: auto accrual

• Component: LO-AGR-CC

• Component Name: Commodity Contracts, Expenses, Basic Functions

• Description: A process that automatically accumulates any due expenses. The automated accrual process is performed for expenses that are maintained at contract level at the time that the follow-up document is created.

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• Key Concepts: 
  Auto accrual is a feature in SAP LO-AGR-CC Commodity Contracts, Expenses, Basic Functions that allows for the automatic accrual of expenses. This feature allows for the automatic calculation of expenses based on the contract terms and conditions. It also allows for the automatic posting of the calculated expenses to the general ledger. 
  
  How to use it: 
  To use auto accrual, you must first set up a contract with the relevant terms and conditions. Once this is done, you can then set up an auto accrual rule in SAP. This rule will define how the expenses should be calculated and posted to the general ledger. Once this is done, you can then activate the auto accrual feature. 
  
  Tips & Tricks: 
  When setting up an auto accrual rule, it is important to ensure that all of the relevant terms and conditions are included in the rule. This will ensure that all of the expenses are correctly calculated and posted to the general ledger. Additionally, it is important to regularly review and update your auto accrual rules to ensure that they are up-to-date with any changes in your contracts or business processes. 
  
  Related Information: 
  For more information on auto accrual in SAP LO-AGR-CC Commodity Contracts, Expenses, Basic Functions, please refer to SAP Help documentation or contact your local SAP support team.