Automatically accrue your income & expenditure with a Flowgear™ Accelerator.
- GL Account Creation:
Automatically create General Ledger Accrual and Offset accounts.
- Invoice Start and End Date:
Easily identify the usage periods to which a particular invoice relates.
- Automatic Revenue / Expense Distribution:
General Ledger entries are automatically generated to distribute revenue and expenses accross the required accounting periods.
- Automatic Revenue Recognition:
GL entries are automatically generated to recognise revenue as 'Fees Received in Advance' or as 'Sales' in the required accounting periods.
- VAT Compliant:
Value Added Tax is automatically excluded from the accrual process.