Accruals are entered into ForSitePro as a type of Transaction. Please note:
Statuses of "Open" or "Closed" only
Default is "Open"
"Open" should be used for all EOY Accrual transactions
Accrual Reversals
Users may reverse Accruals individually or in bulk.
Open an individual Accrual with a status of Open and click "Reverse Accrual" OR
View all Accruals on Records>Accruals, select multiple Accruals with a status of Open and click "Reverse Accrual"
View paired Accrual or Reversal within the Transaction side drawer
Updates status of both Accrual and Reversal to Closed.
-Rev added to Display Name and Invoice Number to distinguish Reversals from Accruals (in addition to the negative reversal amounts).
If Fiscal Year is provided for the Accrual, the Reversal will be date + 1 (i.e., if Accrual Fiscal Year = 2023, then Reversal Fiscal Year = 2024).
Accruals and Accrual Reversals have a 1:1 ratio. Deleting either of the paired records requires deletion of the partner (e.g., If a user reverses an Accrual, but then deletes the Reversal, they will not be able to reverse the Accrual again.).
