How accruals and settlements post
What "posted" means in ClaimDS — an accrual is booked as a rebate provision and a settlement as a payable, each with GL-code metadata for your ledger.
When ClaimDS says an accrual or settlement is "posted", it's worth knowing exactly what that means — because it's posting inside ClaimDS, not into your accounting system. Understanding the difference keeps your books and ClaimDS in step.
Posting an accrual
When an accrual is posted, ClaimDS books it as a rebate provision — the amount earned on an agreement that you expect to settle. Each posted accrual carries a debit and credit GL-code pairing as metadata, so it's ready to be reflected in your books as a provision entry.
Posting a settlement
When a settlement run is committed, ClaimDS records the payable (or, on the purchase side, the receivable) along with the GST credit note or credit-memo behind it, and its own GL-code pairing and tax split. That's the basis for the entry your finance team posts when the rebate is actually paid or credited.
The GL codes are a hand-off, not an integration
This is the important part to be honest about: ClaimDS attaches GL-code metadata to these postings, but it does not have a ledger module and does not post into your accounting system for you. The codes are a clean hand-off point — you take the finance registers and post the entries in your own ledger, where your chart of accounts actually lives.
Related
Still stuck?
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