Revenue / Cost Accruals

Revenue / Cost Accruals

Manage accrual postings that spread a cost or revenue across multiple periods.

How It Works

  1. Create an accrual transaction
  2. Specify the total amount, start date, and number of periods
  3. The system automatically splits the amount across periods
  4. Accrual journals are posted at each period end

Common Uses

  • Prepaid insurance or rent
  • Deferred revenue
  • Annual license costs spread monthly