Utility bill accruals

Do you depend on accurate accruals to close out an accounting period? EnergyCAP UtilityManagement’s accrual functionality can create estimated utility bills based on historical billing data to help your finance staff fill in the gaps accurately and easily. Generate fiscal period profit and loss statements and accrual bills with confidence, and provide a more accurate close to each fiscal period.

Accrued bills can be exported to the General Ledger, eliminating manual data entry. When the actual bill is received, a simple process reverses the accrued transactions with a few clicks. If your accrual needs aren’t as complex, EnergyCAP UtilityManagement provides accruals reports that can be used to project use and cost based on existing utility data. The reports bypass the need to create actual bill records in EnergyCAP UtilityManagement and can be exported in spreadsheet format for use by accounting staff.

If your accounting needs go beyond these standard reports in EnergyCAP UtilityManagement, you can combine Bill accruals with our other advanced accounting features and get the comprehensive accounting functionality you need. Together, the Advanced Accounting features bundle allows you to save cost by ensuring the utility bills you’re paying are correct, estimate future bills for accruals, and create utility bill budgets you can trust—and adjust anytime.

Combine Bill accruals with our Budgets feature and/or Accounting export feature and save as much as 33% off the retail rate. Learn more about budgets, Accounting export, and the Advanced Accounting features bundle.