Some large and/or public pawnshops use the accrual method of accounting to determine the value of inventory and profits generated from their pawnshops. In this method of accounting, interest on a pawn is realized as it accrues rather than when it is paid by the customer upon redemption of a pawn. Under accrual accounting, when a pawn item forfeits to inventory, the accrued interest is added to the cost of the item. This Module allows you to run your operations using the accrual method of accounting. The required pawn calculations, additional input fields necessary to track accrual information, and other features and procedures needed to manage accrual based accounting are provided by this Module. This Module also allows CompuPawn to generate the following additional reports:
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