To automate accruals, go to Journals (top tab)>EXPENSE RECOGNITION (bottom half of page) 

First review all expenses.  See How to automate expense recognition journals in ScaleXP. 

Add cost accruals

See how in How to add cost accruals. 

Check and update accrual releases

Go to “Release Accruals” on the sidebar or Journals tab.

Manual accruals without a release date specified must be released here.

To release an accrual, click on the Release button.

Change the release date to the month in which you want to set the release.

Click “Release” to save.  Then click “Done.”

Accruals based on bills - or where a release date has been set in the accrual - will be automatically released on the bill issue date.

Review and Post Your Cost Accrual Journal

Go to “Journal: Accruals” on the sidebar or Journals tab.

Use this page to automatically create and release cost accruals by account.

Section 1 - Suggested Journal (post journal)

Use Section 1 to review and post your journal.  This is based on calculations from the sections below.

This shows net debits and credits between the expense account and your accrued liability account.

Section 2 - Accrued Cost by Account

This section summarises the net accruals by expense account

Section 3 - Journals Already Posted

This section shows journals already in your accounting system for your selected accrued cost liability account.

Section 4 - Accrued Cost Balance Sheet (for reference)

This compares total accrued cost in ScaleXP to the total in your accounting system

Section 5 - Accrued Cost by Customer

This section shows net accrued cost by customer.  

Click on the customer to see detail by bill.  

Click on the bill to see detail by line item.

Download the Journal

Use the download to document your accruals for audit.

It is important to attach this to your accounting journal for later reference.