Enabling “accruals on-hold” means that any invoices that are submitted within the on-hold period will enter blocked state call on-hold. Invoices in this status will be processed as normal but cannot be reviewed until the start of the new month. When the new month begins, the invoices automatically move from on-hold to pending and can be reviewed as normal.
The on-hold period is between the accruals submission deadline and the start of the new month.
For reporting, the accruals report has a separate field for on-hold invoices, meaning your finance team can interpret this spend in isolation. Often, there may be an overlap between the accruals submitted and on-hold invoices, so this status helps ensure spend isn’t double-counted.
Billing best practice is that your vendors should not submit invoices during the on-hold period, so this functionality acts as a safety net.
Please sign in to leave a comment.