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Amortization of Accruals Review

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Excellent

Revainrating 5 out of 5  
Rating 
5.0
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Description of Amortization of Accruals

The solution is an add-on to SAP Accrual Engine through which the process of amortization and deferment of a transaction that cut across duration for more than a reporting period is automated and financial close is accelerated

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Type of review

Revainrating 5 out of 5

Convenient and reliable financial management tool

It helps in real time calculation without going back into accounting system, it also gives me detailed report with different fields like acc no etc., so I can easily refer those details while preparing my finance reports or submitting them externally as well. There are few minor bugs but most probably could be fixed by developers if they have enough knowledge about this software & good number of user base. If you're using only one type then there's nothing majorly wrong, however its better…

Pros
  • Lots less clicks required just because everything gets calculated very quickly hence saving much valuable man hours that we otherwise spend doing unnecessary repetitive works every month end / year close
Cons
  • Mostly okay, but...