Revenue Cost / Accruals

Revenue / Cost Accruals is a way of distributing the revenue / cost accruals into periods where the revenue / cost should have been taken.


Lets say You pay a yearly rent for your office for 240,000. This is paid in January. You will need to Credit Bank Account for 240,000. Debit would be an accrued balance account in the assets section. Not the normal expense account for rent.

Now you decide to Accrue this expense from your accrued balance account into the expense account for rent during 12 periods of 1 month.

This is what this module handles, but with more selectable frequencies!