Accruals
Get the accruals ready without the chase.
From purchase orders and contracts to owner confirmations, accrual schedules and prepared journal entries.
Reported customer result
5 days → half a day
From pulling purchase orders to preparing journal entries
The work before Billow
Each month began with downloading purchase orders from NetSuite, sorting them by category and chasing owners for estimates. Replies arrived as emails, screenshots and PDFs, then had to be entered into the master schedule. Preparing entries also meant deciding which accounts to use and how to reverse last month’s accruals.
How Billow handles it
From the source documents to work your team can review.
- 1
Read and classify the purchase orders
Billow pulls purchase orders from NetSuite, classifies them by accrual type, department and program, and reads the underlying contracts.
- 2
Draft the accrual and confirm estimates
Billow applies the relevant methodology, such as patient-month for CRO work, prosecution stage for legal work or milestones for R&D vendors. It emails each owner a targeted request and incorporates replies into the draft.
- 3
Prepare the entries and evidence
Billow updates the master schedule and prepares journal entries. Approvals are timestamped and filed with source documents, with review evidence and changes captured alongside the work.
What you get back
- Classified purchase orders
- Updated accrual schedule
- Prepared journal entries
- Source documents and approval evidence
Where your team steps in
PO owners confirm the estimates. Your team reviews the accruals and entries with the supporting documents and approval trail in one place.
“I stopped chasing PO owners. The agent reads the contract, drafts the accrual, and emails the right person to confirm the estimate. Half the work is already done.”