Accrual accounting is a financial accounting method that allows a company to record revenue or expenses when a transaction occurs vs. when a payment is received or made.

Finmark automatically accrues any of your non-monthly expenses and revenues. This means if you forecast an annual expense, the cash will be paid upfront in month 1, and the expense will be split over the time period

A common example of this is as follows:

Annual Expense in January for $1,200.00

Expenses will show $100.00 monthly for the entire year.

Cash Actuals will show $1,200.00 in January

NOTE: Quarterly & Semi-annual expenses are treated the same way.