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How to Accrue and Reverse Predicted Expense
How to Accrue and Reverse Predicted Expense
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Written by Melody Tong
Updated yesterday

1. Click on highlight

Click on highlight

2. Click on Bookkeeping

Click on Bookkeeping

3. Click on Accrued Expenses

Click on Accrued Expenses

4. Click on Period

Click on Period

5. Click on the month that you are working on

Click on the month that you are working on

6. The payees under Identification are predicted by Model. If it's an accrued expense before, the model predicts it in this box.

The payees under Identification are predicted by Model. If it's an accrued expense before, the model predicts it in this box.

7. Select the payee(s) you want to accrue. Click on ACCRUE.

Select the payee(s) you want to accrue. Click on ACCRUE.

8. Click on CONFIRM. JE for Accrued Expense is created.

Click on CONFIRM. JE for Accrued Expense is created.

9. Click on REVERSE.

Click on REVERSE.

10. Click on CONFIRM. JE for Reversal is created.

Click on CONFIRM. JE for Reversal is created.


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