Accruals can be automated via the Regular Postings program.
Accruals can be posted via General Postings for both expenses and income that are due, but have not yet been received.
Follow the steps below:
Open the General Postings program from the main menu.
Select ACC (Accrual) from the Transaction Type drop down.
Click the NEW button.
Enter the batch total, if using batches, alternatively leave the amount as zero and click the Tick to proceed.
Enter the Nominal the posting relates to and select any relevant department or cost centre codes as required.
Enter the correct date for the posting, ensuring the correct period is also selected.
Enter the NET amount of the expected invoice or receipt.
Enter the Reference for posting.
In the accruals type drop down select whether this posting is an expense or income.
Click the blue disc Save button.
When the batch is complete click Post.
Note: The month end process reverses any accruals that have been posted that month, at the beginning of the next period. This allows the ACTUAL item to be posted when received.