Accrued Cost

The WiseFish Accruals feature is used in cases where the Estimated Additional Cost is required to follow the Accrual Accounting Method. When this method is used, the cost is accrued with a journal entry to the appropriate G/L Account.

Accruals can be used with both Sales Invoices/Delivery Agreements and Purchase Invoices/Receipt Agreements. This manual illustrates examples from the sales point of view; however, the functionality is similar from the purchase point of view.