The use of accruals arises from the need to always record costs and revenues in the period to which they temporally and substantively relate. For example, when invoicing a service a year in advance, or when rent payments are made in advance or, conversely, in arrears. By using accruals, you will obtain the correct profit and loss result as well as an accurate picture of the company's ongoing financial position.
Flexi does not have any built-in functionality for automatically entering accruals.
How to process accruals in ABRA Flexi
manually using an internal document
for example, a received invoice with line items — one item posted to costs, and a second item posted to the accruals account. In the following period, the release of the accrual is then posted via internal documents
using the add-on from our partner Dativery. This is available for a fee for all Flexi plans.