Define a recurring adjusting entry once (an annual insurance premium, a year of prepaid service, a monthly rent accrual) and BizBooks Pro computes every period's amount and queues each entry as it falls due. Post the whole batch in one click.
Download FreeAccrual-basis books depend on a handful of adjusting entries that repeat every period: release one twelfth of the prepaid insurance, recognise this month's slice of an annual contract, accrue the rent or the audit fee that will be paid later. They are simple, and they are exactly the entries that get missed in a busy close.
BizBooks Pro turns each of them into a schedule. You choose the type, the two accounts, the total, the number of periods, a frequency and a start date. BizBooks Pro divides the total, tracks how many periods have posted, and lists every entry that has come due so you can review and post them together.
Prepaid expense, deferred revenue, accrued expense or accrued revenue.
Accounts, total amount, number of periods, and a weekly, monthly, quarterly or annual frequency.
The pending list shows each entry due as of today, with its date, amount, accounts and period number.
Post one schedule or all due entries at once. Each becomes a dated adjusting entry.
Insurance, annual software licences and prepaid rent are carried as an asset and released to expense over the periods they cover.
Cash received in advance for a year of service sits as a liability and is recognised evenly as the service is delivered.
Record costs incurred and income earned before the invoice or payment arrives.
Scheduled entries respect the same period controls as everything else in your books.
ACCR- reference and appears in the schedule's historyAlongside the accrual schedules, the BizBooks Pro dashboard reports the operating figures a founder or board asks for, calculated from your own books each time it loads:
No, and deliberately so. BizBooks Pro calculates and queues each entry when it falls due; you post them, individually or all at once, after a glance at the pending list. Nothing lands in the ledger unreviewed.
Every overdue period stays in the pending list with its original date. Posting catches the schedule up in order, one dated entry per period.
From the active subscriptions you bill through recurring billing. Quarterly, annual and weekly plans are converted to a monthly equivalent.
Download BizBooks Pro, create your first accrual schedule, and let the close come to you.