NetClose - Accreting (Target Amount) Accruals

With NetClose Accruals, users can create accruals that will increase over time to a Target Amount and Target Date, also called Accreting Accruals. When an Accreting Accrual is created, NetClose will add schedule lines to an accrual record to increase the Accrual Balance pro rata monthly from the initial amount (usually 0) to the Target Amount. 

 

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