Recodes and Accruals - Are you using this awesome functionality?

 Recodes and Accruals

This gem in the Financial Reporting Enterprise module has gone largely undiscovered since its release in 2015. It provides a highly intuitive and user-friendly mechanism for users to request journal recodes (i.e. corrections to journals posted to the incorrect Cost Centre or Account, as well as corrections to incorrect journal amounts) and accruals (i.e. requests for journals to be raised for items not yet invoiced). 

These requested recodes and accruals appear in the admin module, waiting for the Administrator to either approve or reject each request, before generating an export of the approved Recode and accrual journal entries, which can be used to import* into the general ledger system. Feedback is automatically visible by end users once  recodes and accruals have been approved or rejected.

This functionality is freely available to all Financial Reporting Enterprise users, and can be set up and ready to use within minutes.

 * IDU provides a generic .xlsx export template for approved Recode and Accrual journal entries. This template may require additional formatting in order to match a client’s general ledger import requirements. Client-specific import templates may be requested from IDU at an additional cost.

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