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Audio Introduction Excerpts 
- 'Accruals
Outstanding' gives the user a QuickView of 'Accruals' taken to date.
- It
is also a reminder that at some point taken and paid must be reconciled.
For
example, Accrued Interest over 3 Quarters Accruals
Outstanding fields will total accruals as taken to date. Qtr
3, $15,000 is paid into the account. Need
to reconcile accrued interest taken with accrued interest paid so that profit
in Qtr. 3 is not overstated. $10,000
of the $15,000 paid was applied to profit in the first two quarters. Select
'Type' Accrued Interest Paid and enter a dated $ amount. Profit
for the period will be adjusted.
Keep
in mind that it is entirely possible that the payment of accruals taken and when
paid may overlap or be paid in different periods. - It
is not necessary to apply all of the Accrued Interest taken to date in one Accrued
Interest Paid entry.
- If
only a portion of the total accrued interest taken to date is paid in X period,
enter the portion paid.
- The
balance remaining will appear @ Accruals Outstanding..
- Apply
all or a portion of the accrued taken when paid in the future.
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