NetClose - Accruals Overview
Overview
Before creating accrual records, appropriate accrual types must be configured. Accrual types determine account mapping and drive how accruals are processed.
Once an accrual type has been created, a new accrual record can be entered. Populate the required fields—indicated by a red asterisk—and any additional relevant information before saving the record:
After completing the accrual record, save it. The accrual must be approved before a journal entry can be generated.
Once approved, the accrual can be modified, matched to a bill and/or adjusted as necessary.