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Time distinction
Accruals in double-entry accounting
Automatic breakdown of regular costs and revenues of future periods according to a pre-designed calendar with the creation of accounting documents.
Time distinction
Accruals in double-entry accounting
Automatic breakdown of regular costs and revenues of future periods according to a pre-designed calendar with the creation of accounting documents.
The functionality supports regularly repeated accounting operations related to the settlement of costs and revenues of future periods with a pre-designed calendar. The accrual function is intended for companies that carefully monitor that costs and revenues fall in the period to which they relate. The amount can be broken down in a proportional part for the days of the month or equally for all the months it concerns. This solution mainly concerns incoming and outgoing invoices, but the selection of items is from the Overview of movements of analytical accounts. The result is accounting documents.
What you get ?
Automation of settlement of recurring accounting operations.
Benefits
Saving time
Automatization
Increasing efficiency