Accruals

The Accruals tab is where you can add, delete, and define accruals used in a company. There are five predefined models available in M3. Once you add an accrual model for your company to use, you can customize it in the subtabs below the table. For more information, see: Configure Accrual Plans.

 

To find out more about the accruals models M3 offers see: Types of Accrual Models.

 

Table 2-2: Accrual Tab
Section Description
Add New Button Creates a new accrual plan. See: Create an Accrual Plan in Millennium® 3
Delete Button Deletes the selected accrual plan. See: Delete an Accrual Plan
List of Accrual Plans

Lists the created accrual plans. The fields in this table are:

  • Code—The 10-character code you specified when you created the accrual plan.
  • Description—A detailed description specified when you created the plan.
  • Model—Specifies the type of accrual plan the accrual code is based on. For more information, see
Tabs for Configuring Accruals Allows you to further customize your created accrual plans. The details of these tabs can be found at Types of Accrual Models.
Configuration Pane Specifies configuration for the accrual plan and the selected tab. For more information, see Configure Accrual Plans.