Month-end accruals, identified and drafted for review
Month-end accruals hide in open purchase orders, received goods, late bills, and department emails, and someone has to find them and work out the coding. Working through your open POs and bills, the Accounting Agent suggests an amount and coding for each accrual and drafts the entry with the support attached.
What the Accounting Agent prepares
- A list of accrual candidates from open POs, goods received but not billed, and late bills
- A suggested amount and GL, department, and entity coding for each item, based on your rules and history
- An accrual working paper with each line traced to its PO, receipt, or prior bill
- Drafted accrual entries, grouped the way your team books them
- Prior-period accruals checked against the bills that have since arrived
How it works
- Pull the data. Open POs, receipts, bills, and GL detail come from your ERP and AP tools.
- Prepare the work in your logic and format. The Accounting Agent applies your thresholds, accrual rules, and working paper format to identify and code each accrual.
- Review and approve. You accept or change each suggested line, then approve. The entry posts to your ERP once approved.
What stays in your control
- You set materiality thresholds and accrual rules
- Every suggested amount and code can be edited before approval
- Nothing posts without approval, and every change is logged
Standard note
FAQ
How do you automate month-end accruals?
Configure an Accounting Agent to review open POs and bills against your rules. Each period it suggests accrual amounts and coding and drafts the entry for your approval.
How does the Accounting Agent decide the accrual amount?
It uses the sources you point it to, such as the open PO balance, goods received, or the run rate of prior bills, and shows the basis for every line. Your reviewer makes the final call.
Can it catch accruals that have no purchase order?
It can when your team defines the rule. For example, the Accounting Agent can flag recurring vendors with no bill in the period, so the gap is reviewed before the close is signed off.
