The Aspire End of Month (EOM) report recognizes some cost associated with purchase receipts in the month that a purchase is received as indicated by approval of the purchase receipt.

As well as other costs in the month on which the associated invoice is received from the vendor as indicated by approval of the purchase receipt. Most of the time, these two dates occur in the same month, so all cost is recognized in that month. However, there are exceptions. This article clarifies how costs on a purchase receipt are recognized.

Click Cost Recognition Timing in Aspire to read article.

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