It is possible that you will have not paid for an item or a service and not received it by the end of the financial year. This is an accrual and including it in your accounts at year-end will give a more accurate picture. The Charity Commission require larger churches and charities to adopt this type of accounting, see the SORP document for more information.

Navigate to [https://www.myfundaccounting.online](https://www.myfundaccounting.online/dashboard)

Select the expenditure account that you will owe at the end of the financial year

[[Select the Liability account to show the amount owed against]]

If you would like the system to calculate it for you do the following:

Click 'Accrual Calculator' and enter the date the payment will be due &gt; Next Enter the amount you estimate to pay and the number of days to be covered by the prepayment

Click the 'Calculate' button, and the calculated amount will appear in the 'Amount to be Posted' box.

The date will be set to the last day of the current financial year
There are to ways of entering the amount.Either use the calculator and the amount will be entered automatically, or enter it manually.
Accrual option
Accrual calculator
Enter accrual manually
Enter the date that the payment will become due
Today
Enter the estimated total you will eventually pay for this service
Enter the number of days to be covered by the payment you eventually make (e.g. 365 for a year)
Calculate
Amount to be posted
Reference

Alternatively, you can enter the prepayment manually by following the below steps

Click the "Enter accrual manually" field.

Enter the amount to be paid and a reference

Select the fund that the payment should affect

Confirm the selections that have been made

How to enter Accrued Expenditure