> For the complete documentation index, see [llms.txt](https://docs.mifos.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.mifos.org/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounting-operations/accruals.md).

# Accruals

here 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*). 

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:

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

<figure><img src="/files/oXweN2NovfrBR5MzDe7b" alt=""><figcaption></figcaption></figure>

* Check the check boxes beside '**Add Accrual Transactions**' and '**Add Periodic Accrual Transactions**' *(shown in the screenshot* *above).*<br>
* At the bottom of the page, click on the '**Run Selected Jobs**' button, followed by the '**Refresh**' button.&#x20;

<figure><img src="/files/AO2ziBI4XcCg0cDcKGnp" alt=""><figcaption></figcaption></figure>

Once the loan product is defined with Accrual Accounting (*periodic*), ([*Click Here*](/mifosx/user-manual/for-administrators-mifos-x-platform/administration/products/loan-products/loan-product-fields/accounting-loan-product-fields.md) *to see Accounting Fields for Loan Product*)

* Create a Loan Account for a Client/Group with the Loan Product having Accrual Accounting. ([*Click Here*](/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounts-and-transactions/loan-accounts.md) *to see how to create Loan Account*)
* Make a few transactions (*for instance: Repayments*).
* Then go to the [**Accounting**](/mifosx/user-manual/for-administrators-mifos-x-platform/accounting.md) >> [**Accruals**](/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounting-operations/accruals.md). The following window will be displayed:

<figure><img src="/files/akpElm5MAMKAOoUdVluO" alt=""><figcaption></figcaption></figure>

* 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** ](/mifosx/user-manual/for-administrators-mifos-x-platform/accounting.md)>> **Search Journal Entries**. The following window will be displayed:

<figure><img src="/files/Hdcn58SgPqc8qWGpzVuh" alt=""><figcaption></figcaption></figure>

* 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.

<figure><img src="/files/gk8ECMBPhDulYHxRSCig" alt=""><figcaption></figcaption></figure>


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