Accrual & Prepayment Calculator
Calculate accruals and prepayments with automatic journal entry generation
How to Use This Calculator
This free accrual and prepayment calculator helps you:
- Calculate monthly accruals - Spread expenses or revenue over multiple accounting periods
- Handle prepayments - Manage advance payments for services or subscriptions
- Generate journal entries - Get the exact accounting entries needed for your books
- Support multiple currencies - Work with GBP, USD, EUR, and other major currencies
Calculation Methods Available:
- Daily Rate: Calculates based on the exact number of days in each month
- Monthly Rate: Divides the total amount equally across all months
- Monthly Rate (with Apportionment): Equal monthly amounts but adjusts first and last months based on actual days
Perfect for accountants, bookkeepers, and business owners who need to manage accruals and prepayments accurately.