8.9.10 Standing Accrual Maintenance (08850m)

It will be released in the next version.

This facility allows Users to set up a standing accrual to distribute paid General Ledger expenses over a number of accounting periods.

Generally Muli recommend that users focus on REAL expenditure and forecast to end of financial year, this facility allows the development of Profit & Loss on an accrued basis.

The trial balance will read the data in this file and apply the Prepayment Adjustment to the Prepay Adjust column in the Trial Balance. With prepayment values offset with a prepayment in the balance sheet. Thus allowing the P&L , Balance sheet to be presented on an accural basis

The data file is maintained as follows.

• Company

• Allocation

• Description (Note)

• Re Order (Not required If stated must be in the allocation)

• Starting Prepayment $

• Start Period

  (Default current period)

• Value per period

  (Default 1/12 of starting prepayment)