Record to report / R2R – General Accounting – Accruals

We read how accruals would be a good back office process.

What would be the steps of this process?

  • The accounting department at each unit of the client informs the back office of each contract / requirement, along with the period, periodicity, amount / percentage / rate of accruals
  • They also inform of the frequency of the payment
  • They inform of period end payables / receivables
  • The back office creates a dynamic schedule for the accruals
  • In some cases they set up automated procedures in the ERPs
  • They pass regular entries in the ERP as per schedule
  • The compare the best practices from each location
  • The share the analysis of best practices
  • All changes and updates to the contract terms are regularly monitored and updated.


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