# Accruals

There are two types of **Accrual Accounting:**

1\) **Accrual (Upfront):** If you enable this option and add entries while defining the loan product (*as shown in the table below*), Accrual entries are passed at the time of disbursal of the loan (*to the Client or Group*).&#x20;

2\) **Accrual (Periodic)**: If you enable this option and add entries while defining the loan product, Accrual can be done with a specified periodicity or can be done manually. To specify the Periodicity of Accrual, follow these steps:

* &#x20;  Go to **Admin** >> **System** >> **Scheduler Jobs** to see the following window (*with a list of Jobs*):

* Check the check boxes beside '**Add Accrual Transactions**' and '**Add Periodic Accrual Transactions**' *(shown in the screenshot* *above).*\\

* At the bottom of the page, click on the '**Run Selected Jobs**' button, followed by the '**Refresh**' button.&#x20;

Once the loan product is defined with Accrual Accounting (*periodic*), (*Click Here to see Accounting Fields for Loan Product*)

* Create a Loan Account for a Client/Group with the Loan Product having Accrual Accounting. (*Click Here to see how to create Loan Account*)
* Make a few transactions (*for instance: Repayments*).
* Then go to the **Accounting** >> **Accruals**. The following window will be displayed:
* Specify the date in the "**Accrue Till**" field.
* Finally, execute Periodic Accrual Accounting till specified date by clicking on the blue "**Run Periodic Accruals**" button in order to affect all the accrual accounts (f*or instance: Interest Receivable, Fees Receivable, etc.*).

To see the entries in accrual accounts,

* Go to **Accounting** >> **Search Journal Entries**. The following window will be displayed:
* As shown in the screenshot above, select the appropriate filters and duration and click on the '**Search**' button to see the accrual transactions that occurred during the specified duration.
