Accruals & Deferrals Agent

The Accruals & Deferrals Agent transforms traditional period-end processes by automating key steps and enhancing accuracy throughout the accruals and deferrals lifecycle. The agent scans contracts and transaction patterns to identify required accruals, maintains prepaid schedules, and auto-calculates monthly amortization. Deferred revenue is tracked and recognized in alignment with performance obligations, while recurring accruals are predicted using historical trends and known rate changes.

Goods receipt accruals are automatically generated based on receiving and PO data, and service period matching confirms expenses are allocated precisely to the correct periods. The agent uses data from HR systems data for vacation accruals, predicts bonus accruals based on performance data, and automates interest accrual calculations with dynamic rate handling. Reversal processing is streamlined, with automatic re-accruals and clear variance explanations.

Comprehensive cutoff testing and automated reconciliations ensure all transactions are captured in the correct period and accounts are reviewed for reasonableness, with unusual variances flagged for further review. This end-to-end automation empowers finance teams to accelerate close cycles, improve reporting accuracy, and maintain strong internal controls with minimal manual intervention.

This professional service utilizes Amazon Bedrock, Bedrock Agents, Strands Agents, Lambda and OpenSearch.