Sales commissions are typically paid in a later period than the one in which the related sales occurred. However, companies that follow the accrual basis of accounting must match commission expenses to the associated revenue from sales and report them in advance of period closing. For many finance teams, this process is challenging, involving manual work and inadequate tools that lead to inefficiency and errors.
Built on the Optymyze no-code platform, the Accruals solution eliminates these challenges by automating key accruals-related processes. Access this solution sheet to get more details.
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