What are adjustments for?

This article explains what adjustments are, and how to use the Adjustments module in ExpensePlus.

In ExpensePlus, the Adjustments module allows you to:

• record accruals, deferrals, prepayments, debtors, and creditors (accruals-based accounts only)
• make fund to fund transfers;
• make transfers between income categories or expenditure categories.

For more information, including the different options listed above, see the separate Adjustments Module Overview article.

Adjustments when preparing year-end or management accounts (accruals-based accounts)

The Adjustments module is mainly used at year-end when preparing annual accounts or management accounts on an accruals basis.

Adjustments within a financial year (accruals-based accounts)

You can also use adjustments throughout the year if you want to account for income or expenditure in specific months - for example, accounting for your Gift Aid claim on a monthly basis when claimed less frequently. However, making adjustments within a financial year is optional.

Please watch this overview video, which explains the functionality of the Adjustments module:

To help you better understand the Adjustments module as a whole, please visit the module overview page here.