This article reviews how to identify accrued revenue from invoices, add accrued revenue not yet in your accounting system, adjust existing accrued revenue, and write associated journals to your accounting system.

Accrued revenue is found in Journals (top bar), Step 2 of Revenue Recognition.

Before adjusting accruals, ensure that your Revenue Recognition is correct and that all issued invoices have been reviewed for correct date ranges (Journals>Review invoices issued in...).

Then go to Journals>Accrued Revenue.

Revenue identified as accrued will be included in recognised revenue in ScaleXP reports throughout the system.

Step 1: Add accrued revenue

This page suggests accrued revenue based on issued invoices.

You can also add accrued revenue here.

Accrue from an invoice

ScaleXP will identify revenue with a recognition date before the invoice issue date, assuming the issue and recognition dates are both within the filtered ranges.

These suggestions will initially appear in orange as "Likely Accrued Revenue."

Once accepted by you, thy will appear in blue and move to the "Confirmed Accrued Revenue."

Use the filters at the top to select:

• the invoice issue date(s) -- left filter
• the revenue recognition dates - middle filter
• the accounts to include. - right filter

Use the "+" to select invoices for which you would like to post accrual journals for income invoiced in arrears.

Use the "-" to de-select invoices.

You can also correct recognition dates by clicking the "view & edit" icon to reveal invoice line item detail and editable dates.

Accrue all invoices suggested

If you have a large number of invoices with back-dated revenue, you may want to approve them all at once.

To do this, set the filters to incorporate the dates you wish to include and then select the "Approve All" button.

"Save" changes.

Add accrued revenue manually

You can also add additional accruals, such as for confirmed revenue not yet invoiced.

Select "Add Accrual" to add an accrued revenue entry.

• Select Customer to choose an existing customer from the drop-down list.
• Add Customer to add a new customer.

This "manual accrual" will be added to your recognised revenue amounts in ScaleXP, incremental to invoiced revenue from your accounting system.

Step 2: Release accrued revenue

Issued invoices which you have selected for accrual will be automatically released on issue date.

For manual accruals, you can control the release date. ScaleXP will provided a suggested match which you can accept or reject. You can also release or delete separately.

Auto Releases - issued invoices which have already been accrued will automatically generate a suggested release journal on the issue date. The release is shown for information only.

Suggested Releases - For manual accrued revenue, ScaleXP will suggest a match if it finds one. This will result in a suggested release on the invoice issue date.

• To accept the match for release, take no action. The release will be automatically recorded in ScaleXP.
• To reject the match for release, click the "x" next to the Suggested invoice. The release will be removed and the accrual will remain on the balance sheet.

To release a manual accrual with no suggested match, click the "Release Accrual" button. You can then choose a release date.

To delete a manual accrual, click the bin symbol. This will remove the accrued revenue so there is no need for a separate release. (If already journaled, ScaleXP will suggest a reversal).

Step 3: Post your accrued revenue journal

Finally, post the journal to add and release accruals. Select "Post journal" and then type "Confirm" to post a draft journal to your accounting system.

To avoid extra complication, identify and post ScaleXP accrued revenue journals prior to posting ScaleXP deferred revenue journals.