Accrual Adjustment Journal

Estimate adjustments to revenues or expenses at the end of a reporting period and post an accrual journal entry in the system.

Navigation

1. From the homepage, go to Finance module.

2. Navigate to the Adjustment Journal and Accrual Adjustment Journal.

Guide

1. Click the Create New button.

2. Input the document number.

3. Select the Business Entity and Fiscal Year.

4. Input the Version name and brief Description.

5. Under the Accrual Adjustment, click the Download template.

6. Populate the template and fill out the following:

• Account
• Effective From
• Effective To
• Adjustment per month

7. Upload the template by clicking the Upload and Replace button. 

8. Once done, click the Submit for Approval button.

Notes

1. Input positive (+) value for Debit Balance, and negative (-) value for Credit Balance.

Related Articles

• Audit Adjustment Journal
• Tax Adjustment Journal