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Understanding Accruals

Confido makes it easy to track and manage trade accruals. Using incoming deductions, trade forecasting, and syndicated data monitor 


  1. Select Accounting on the left hand nav 
  2. Click Accruals 
  3. Here, you'll see open accruals
  4. Views:
    1. Deductions: This shows all open deductions in Confido by month
    2. List View: This shows all open accruals (deductions and promos) 
      1. Trade Accrual: Total amount submitted on promo
      2. Deductions Total: Total deduction amount received on check 
      3. Latest Estimate: Syndicated data * estimated amount
      4. Amount to Exhaust: Adjusted open accrual amount 
      5. Open Accrual: Estimated - deduction amount - amount to exhaust 
      6. Utilize the Filtering the navigate for specific months, planning groups, types, etc
    1. Reporting: 
      1. Customize reporting and create saved views to quickly view accruals by month, customer, product, etc. 
    2. Note: Visible fields and filtering can be adjusted at any time. To store the the views click Save 
  1. Once the monthly accruals have been reviewed you can Lock the month to track against what is posted in the ERP
    1. Note: Confido does not post journal entries to the ERP, all entries will need to be entered directly in the GL
  1. To Lock the current month click Book Accrual
    1. Input a name for the version 
    2. Click Submit 
    3. This now prevents any accruals from being added/removed and will represent what is posted for that period
    4. To navigate between versions select the drop down labeled Accrual Version