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Create estimated bills (accruals) based on historical bills in order to close out an accounting period. Then export accrued bills to the General Ledger and reverse the accrued transactions after the actual bill is received.
The Accruals module enables a two-way process between EnergyCAP and your Accounting System to account for accrued bills. EnergyCAP creates accruals on a daily basis based on a number of factors, the accrual transactions are then exported to the General Ledger for posting. When the actual vendor bill arrives accrual transactions are reversed so the actual bill details will post to the account.
A standard Accruals report–available with or without the optional Accruals Module–can also be used to accrue usage and cost figures without creating actual bill records in EnergyCAP.
"Bill Accruals" is part of the EnergyCAP line of products, developed by EnergyCAP, Inc.
EnergyCAP is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.