How to create a Contract Claim Accrual
Contract Claim Accruals are generated inside a Contract Claim Accrual batch (CCC Accrual batch) but not moved into the next period yet until the batch is finalised.
User document: Contract Claim Accruals
Instructions
Go to Month End \ Processes\ Generate Contract Claim Accruals
Select the Financial company.
Click on +New button to make new CCC Accrual batch, or pick an existing batch in the list to update its.
Click on Generate & Batch button.
Now, an accrual batch is created as of now, but it does not move the claims into the next period, nor does it create a reversal batch. You might need to check/review the accrual list.
Create a new CCC Acrual batch and generate accruals is just the first step in the whole process. The next step is export it to the financial software or mark it as Not for Export before finalise the CCC batch.
The system does not allow a new batch to be created if either:
There is an existing unfinalised batch for that FinCo and period or
There are no unapproved claims for that FinCo (i.e. the accrual batch would be empty).