Accruals and Simulated General Ledger

EOS Solutions

Post accruals or deferrerals and simulated GL entries in Microsoft Dynamics 365 Business Central

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.

Benefits of using this app:

  • Save time: quickly set templates related to accruals and deferrals
  • Detailed overviews: you can view the detailed simulated entries
  • Create accruals from General ledger entries without posting an invoice
  • Report: if you calculate the interim accruals and deferrals with the simulated, you can calculate the real balance sheet entries at 31/12 and their relative cancellation
  • Account Schedules: quick overview of the G/L entries + G/L sim. entries and generation of interim financial statements

Click the Get it now button and start posting simulated entries that don't impact general journal in Dynamics 365 Business Central.

Free version gives the possibility to manage accruals and deferrals for 30 days, Pro version allows to manage accruals and deferrals without any restriction. Upgrade to a subscription for a complete experience!

Certified competence for Microsoft Dynamics 365! This app is a product of the cooperation between KUMAVISION (Germany, Austria, Switzerland) and EOS Solutions (Italy).

Supported editions:

This app supports both the Essential and Premium editions of Microsoft Dynamics 365 Business Central.

Supported countries:

Australia, Austria, Belgium, Germany, New Zealand, South Africa, Switzerland, United Arab Emirates, United Kingdom, United States.

Supported languages:

English, German, Italian

Please visit: Simulated General Ledger

At a glance