Deliverable
Accrued Expenses
Identify, post, and reverse accruals at month end with full audit trail.
How HaiFi does this
The workflow, step by step.
Every step captured in the audit log. The AI's reasoning chain is stored with the entry — your team can audit what was decided, why, and where the AI was unsure.
- 1
Identify accruable activity
Scan for services received but not invoiced, payroll period boundaries, utility usage past meter-read date, contractor hours logged but unbilled. Pull supporting evidence from the receipt repository and inbox.
- 2
Quantify each accrual
Use prior-period patterns, contract rates, vendor estimates, or actual invoices received post-close. Confidence score on each accrual indicating how solid the estimate is.
- 3
Draft the accrual JE
Debit the expense account, credit accrued liabilities. Class, location, and project tags inherited from the matching transaction pattern.
- 4
Draft the reversal for next period
Each accrual paired with a reversal entry dated the first day of the following month. When the actual invoice comes in, the reversal already cleared the accrual.
- 5
Reconcile to the accrual GL balance
Sum of active accruals should tie to the accrued liabilities GL account. Variance flagged with the orphaned accrual or stale entry called out.
- 6
Approve the batch and post
Reviewer approves accruals and reversals together at month-end close. Both entries post to the GL with audit trail linking the pair.
What you get
The deliverable, productized.
Posted accrual entries for the close period, paired reversal entries for the following period, and a schedule that ties the accrual GL balance to the underlying support.
Without HaiFi vs. with
The time you get back.
Senior accountant reviews the close period for unrecorded liabilities, estimates each, drafts the accrual JE, drafts the reversal, posts both, then watches the next month to make sure the reversal cleared. Time-consuming and easy to miss — accruals are where most close errors hide.
Accruals detected and quantified from posted activity and the inbox. Reversals paired automatically. Reviewer approves the batch at close — usually under 10 minutes for SMB clients.
Related deliverables
Expense Classification
Every transaction categorized with the right GL account, contact, and class — bank feed in, audit-ready entries out.
Balance Sheet Reconciliation
Tie out every balance sheet account each period with supporting workpapers and variance commentary.
Financial Statements
Polished P&L, balance sheet, and cash flow on demand — branded for your firm or client.
Deploy Accrued Expenses in your firm.
Talk to an RDA. Assess. Pilot. Scale. Ready to scale firm-wide in 90 days.