Campfire simplifies the accrual process by allowing teams to define templates that calculate and post entries automatically at period end. It supports recurring accruals for predictable costs such as rent, as well as variable accruals based on underlying data or formulas. Each template ensures consistent treatment across periods, reducing manual effort and improving accuracy. This approach removes the need to track accruals in spreadsheets and helps ensure all expenses are recorded in the correct period.
Campfire runs accrual calculations on a defined schedule aligned to your financial calendar. It generates the required journal entries and posts them with the correct accounts and timing. At the start of the next period, reversal entries are created automatically, preventing duplication and eliminating manual follow-up. A complete schedule shows upcoming accruals, outstanding balances, and historical activity, giving teams full visibility into the accrual lifecycle.
Campfire provides real-time visibility into accrual balances across the business, helping teams compare estimates against actual costs as they are recognised. Variances are highlighted automatically, allowing timely adjustments before they become material issues. Dashboard views bring together accrual activity across entities and departments, giving controllers a clear view of financial impact. This helps maintain accurate reporting and strengthens control over period-end adjustments.
Why Campfire Stands Out
