Accrual Report

Purpose

The Accrual Report lists transactions to be accrued. These are expenses that have been incurred but are not yet recorded in the accounts. The transactions to be accrued are typically orders that have not yet been invoiced and that are only partially through the transaction life cycle.

An example of a transaction to be accrued is an order placed a few days prior to the month end. Corporate policy may be implemented to record that order in the current month as a liability even though the invoice has not processed and the payment has not been made.

Parameters

Parameters in bold are required.

• Supplier - Choose from the list of suppliers available to your organization.

• Posting Date Cut-Off - Invoices posted after the Posting Date Cut-Off will be excluded from the results.

• Delivery Cycle Days - Account for suppliers with regular delivery time frames. If you know that an order normally takes four days to make it to your door from the time it was placed, use the Delivery Cycle Days to allow those orders to be included or excluded in your results.

• Exclude Invoice Entry Items - Allows you control over the inclusion of manually entered invoices.

• Date Range - Select a preset date range from the list or choose a custom range using the Start Date and End Date boxes.

• Format - The Accrual Report can be run in PDF or XLSX for printer friendly formats, or can be run in CSV for data optimization.