Schematic representation activities of the accrual process

When creating an accrual in the Onventis application, several parts of the entry can be adjusted. When approving the accrual from the step ‘create accrual’, the transaction is checked by a (different) user and approved. After this, the accrual can be exported to the financial system. The final step is the check of the journal entry in the financial system. The transaction can be approved in the Onventis application and is fully approved.

The text below refers to the period end for invoices in progress. The accrual process for purchases proceeds in a similar manner.