Progressus Software

Next-Generation Professional Services Automation
Architected for the Microsoft Cloud

Posting of accruals for progress billing while waiting for approval

Often, there is a delay between raising an application and getting approval from the customer. Finance wants to post an accrual when raising the application. The accrual will be reversed when the sales invoice is posted.

  • Guest
  • Mar 16 2022
Business Impact

Currently, it is a manual process to calculate and post accrual journals.

Industry Vertical Construction / Maintenance
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  • Admin
    Jeff Suwyn commented
    15 May, 2023 06:02pm


    The WIP process can generate revenue and then relieve revenue once a time and expense entry is invoiced. Are you looking for something similar on the fixed price side? Example, create revenue based on % complete and then relieve review when it's invoiced. Please clarify.