Accrual methodologies

Several out-of-the-box methodologies are available for calculating consumption and cost accruals.

In general, accruals are generated based on a daily average value from a specified historical period, which is multiplied by the number of missing days in the month.

This calculation is represented as:

Monthly Accrual = Historical daily average value over a time period * Number of missing days in a month

This section describes some of the available out-of-the-box methodologies in detail.