Finance

Accrual review

A staging step where computed accruals are examined and approved before they post to the ledger.

Automation without a review gate is how a rule error becomes a restatement. Accrual review puts the engine’s output in front of a human — grouped, compared to prior periods, with outliers surfaced — before anything hits the GL.

Done properly it is a control, not a bottleneck: reviewers see exceptions and variances, not every line.

Related terms

Accrual

The liability or receivable recognised as a rebate is being earned, before it is actually settled.

Period close

The point at which an accounting period is locked and no further postings may change it.

GL reconciliation

Proving that the incentive subledger — accruals, claims, settlements and adjustments — agrees with the general ledger.

True-up

The adjustment booked when a rebate settles at a different amount from what was accrued.

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