Accruals and Simulated General Ledger

Do you need to post entries with or without accruals, on separate tables, that do not impact on the general journal? Do you want to make interim financial statements? Would you like to take the depreciation of fixed assets into the simulated ledger? Do you need to import the simulated entries into the General Journal at the end of the fiscal year?

The Accruals and Simulated General Ledger app for Dynamics 365 Business Central allows you to post simulated entries linked to the chart of accounts and manage accruals and deferrals, spreading over the months, quarters, semesters, etc. portions of costs and revenues that have already had an economic-monetary manifestation (deferrals) or that have yet to have economic-monetary expression (accrued).

Thanks to the Accruals and Simulated General Ledger app you can post simulated entries that are linked to the chart of accounts, but in parallel general ledger accounts. These records have no impact on the general journal and VAT. Normally these simulations are used to generate interim financial statements, because they allow to simulate rectification and closing entries, which otherwise could only be carried out at the end of the year with the closing of the financial year.

The posting of infra-annual accruals and deferrals takes place using simulated registrations. These entries can be activated at different accounting times:

• Posted Invoices: by indicating the competence within the posted purchase or sale invoices, the procedure for calculating the C / G sim register is automatically activated. relating to the operation
• General Journals: indicating the accrual starting and ending date in the posting line. The purchase invoice includes, for each row, the ACCRUAL TEMPLATE fields and the ACCRUAL STARTING / ENDING DATES of the relevant period. The accrual specification in the line allows the insertion of invoices relating to costs / revenues with different periods of competence, but relating to a single economic operation
• General Ledger Entries: the "Actions->Functions->Calculate Accruals" button allows generating the simulated entries