NetClose - Match, Adjust, and Auto Approve Accruals Concurrently

Overview

In NetClose, the accrual process can be completed either in individual steps or through a single combined action. To perform each step separately—matching a transaction to an accrual, adjusting the accrual, and approving the adjustment—refer to the following articles: 

For users who prefer to process the match, adjustment, and approval steps simultaneously, refer to the walkthrough below. 

Click here to see the walkthrough in full-screen.

Step-by-Step Process

Auto Approval Setup for Accruals

  • Navigate to NetClose > System > Setup.
  • Select System Features.
  • Enable Auto Approve Accruals by checking the corresponding box:

Matching Accruals

  • Navigate to NetClose > Accruals > Match Accruals:

  • Locate the accrual to be matched with the appropriate transaction.
  • Choose the preferred Matching Option:
    • Match Only: Links the accrual to the transaction without adjusting the amount. To make an adjustment later, go to NetClose > Accruals > Adjust Accruals:
    •  Match & Adjust: Links the accrual and adjusts the amount in a single step:

  • Once matched, the transaction will appear as a New Match at the bottom of the Match Accruals page:

  • To verify, open the matched accrual record and review the Transactions subtab to confirm that the match has been successfully applied:

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