Receipt Accruals

This customer receives 100's of items each day. Unmatched receipts at any given point in time are in the 1000's. Invoicing is completed in a different system than receipts so the receiving system has insufficient information to do accruals. Estimating accrual amounts is considered inadequate from an accounting perspective. Volumes are high enough that manually calculating the accrual is impractical. With the BFC solution: - Product receipts are loaded into the BFC Reporting database daily - Invoices are also loaded into the database on a daily basis - Invoices are matched with receipts on a daily basis - Accruals are monitored daily and applied to the G/L monthly - Substantiating detail is available to auditors as necessary