A Guide to Generating and Viewing Accrual Reports in Base

Base is a software solution tailored for service providers. Base aims to optimize job tracking, cost management, and the entire accounts payable and receivable process from initial client request to final payment.

Financial operations can have a few roadblocks such as job costs pending and outstanding vendor invoices. This puts your financials at risk, highlighting the need for clear visibility on outstanding expenses.

Enter the Accrual Report. This is Base’s solution for administrators and financial teams to pull up-to-date information on open accruals, providing a bird’s-eye view on expenses awaiting closure.

Start the process by selecting 'Accounting' from the left navigation panel.

Find and click on 'Reports' on the dropdown menu

then select 'Accrual Report' by clicking the ‘View Icon’.

Choose your preferred as-of date. This will pull all of the accrual information up to that date.

Hit 'Refresh'. Watch as Base loads the table, neatly presenting all open accruals as of your selected date.

Optionally, export the data to Excel, arranging it in the format that best suits your needs.

Managing open accruals is crucial for financial management. Base's Accrual Report is a powerful tool that offers clarity and control over outstanding expenses, ensuring accurate accounting. Whether you're an administrator or financial controller, this guide will help you master accrual management for precise and reliable finances.