Invoice Validation > Accruals
Accruals
Sigma's Accrual capability provides assurance that all your utility liabilities are accounted for, even if the relevant Supplier Bills have not been received and provides the ability to interface the accrual records with downstream finance systems. Accruals will be in the context of both cost and consumption and can be interfaced with your downstream finance system for a seamless integration.
An Accrual Run is initiated which determines the date range and specific Accounts that need to be accrued for as well as the hierarchical list of methodologies that the system should use to calculate an Accrual. This Accrual Run provides a fully auditable and transparent mechanism for showing how an Accrual has been derived.
What Pages are available in the Validation Menu?
Open: Invoice Validation > Validation
Click on the links below for more information.
Function | Description |
|---|---|
This page shows previous run Accruals, with the options to view, delete, rerun or copy an existing Accrual Run. | |
Accruals create an Invoice to fill a gap where there isn't any data, and to forecast future spending. The Invoice is created based on Accrual Methods set on the Root Company. | |
Ability to run a Manual Accrual |