Accruals refer to tracking revenues and expenses when they are earned or incurred, not when cash changes hands. Automating accruals reduces manual effort, errors, and improves auditability.
Use AI and historical data to automatically predict and calculate accruals for utilities, rent, and other regular expenses that haven't been invoiced yet.
Automatically create accruals for goods received but not yet invoiced, ensuring accurate financial reporting by matching purchase orders with receipts.
Automatically accrue revenue for services delivered or goods shipped but not yet invoiced, maintaining accurate revenue recognition.
Manage accruals across multiple legal entities and currencies with automatic consolidation and elimination entries for group reporting.
Join forward-thinking finance teams using ChatFin to automate operations.
