diff --git a/conservancy_beancount/reports/accrual.py b/conservancy_beancount/reports/accrual.py
new file mode 100644
index 0000000..7d74bb4
--- /dev/null
+++ b/conservancy_beancount/reports/accrual.py
@@ -0,0 +1,352 @@
+#!/usr/bin/env python3
+"""accrual.py - Various reports about accruals"""
+# Copyright © 2020  Brett Smith
+#
+# This program is free software: you can redistribute it and/or modify
+# it under the terms of the GNU Affero General Public License as published by
+# the Free Software Foundation, either version 3 of the License, or
+# (at your option) any later version.
+#
+# This program is distributed in the hope that it will be useful,
+# but WITHOUT ANY WARRANTY; without even the implied warranty of
+# MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+# GNU Affero General Public License for more details.
+#
+# You should have received a copy of the GNU Affero General Public License
+# along with this program.  If not, see <https://www.gnu.org/licenses/>.
+
+import argparse
+import datetime
+import enum
+import collections
+import re
+import sys
+
+from typing import (
+    Callable,
+    Dict,
+    Iterable,
+    Iterator,
+    Mapping,
+    NamedTuple,
+    Optional,
+    Sequence,
+    Set,
+    TextIO,
+    Tuple,
+)
+from ..beancount_types import (
+    Error,
+    MetaKey,
+    MetaValue,
+    Transaction,
+)
+
+import rt
+
+from beancount.parser import printer as bc_printer
+
+from . import core
+from .. import config as configmod
+from .. import data
+from .. import filters
+from .. import rtutil
+
+PostGroups = Mapping[Optional[MetaValue], core.RelatedPostings]
+ReportFunc = Callable[
+    [PostGroups, TextIO, TextIO, Optional[rt.Rt], Optional[rtutil.RT]],
+    None
+]
+RTObject = Mapping[str, str]
+
+class ReportType:
+    NAMES: Set[str] = set()
+    BY_NAME: Dict[str, ReportFunc] = {}
+
+    @classmethod
+    def register(cls, *names: str) -> Callable[[ReportFunc], ReportFunc]:
+        def register_wrapper(func: ReportFunc) -> ReportFunc:
+            for name in names:
+                cls.BY_NAME[name] = func
+            cls.NAMES.add(names[0])
+            return func
+        return register_wrapper
+
+    @classmethod
+    def by_name(cls, name: str) -> ReportFunc:
+        try:
+            return cls.BY_NAME[name.lower()]
+        except KeyError:
+            raise ValueError(f"unknown report type {name!r}") from None
+
+    @classmethod
+    def default_for(cls, groups: PostGroups) -> Tuple[ReportFunc, PostGroups]:
+        nonzero_groups = {
+            key: group for key, group in groups.items()
+            if not group.balance().is_zero()
+        }
+        if len(nonzero_groups) == 1 and all(
+                post.account.is_under('Liabilities')
+                for group in nonzero_groups.values()
+                for post in group
+        ):
+            report_name = 'outgoing'
+        else:
+            report_name = 'balance'
+        return cls.BY_NAME[report_name], nonzero_groups or groups
+
+
+class ReturnFlag(enum.IntFlag):
+    LOAD_ERRORS = 1
+    CONSISTENCY_ERRORS = 2
+    REPORT_ERRORS = 4
+    NOTHING_TO_REPORT = 8
+
+
+class SearchTerm(NamedTuple):
+    meta_key: MetaKey
+    pattern: str
+
+    @classmethod
+    def parse(cls, s: str) -> 'SearchTerm':
+        key_match = re.match(r'^[a-z][-\w]*=', s)
+        key: Optional[str]
+        if key_match:
+            key, _, raw_link = s.partition('=')
+        else:
+            key = None
+            raw_link = s
+        rt_ids = rtutil.RT.parse(raw_link)
+        if rt_ids is None:
+            rt_ids = rtutil.RT.parse('rt:' + raw_link)
+        if rt_ids is None:
+            if key is None:
+                key = 'invoice'
+            pattern = r'(?:^|\s){}(?:\s|$)'.format(re.escape(raw_link))
+        else:
+            ticket_id, attachment_id = rt_ids
+            if key is None:
+                key = 'rt-id' if attachment_id is None else 'invoice'
+            pattern = rtutil.RT.metadata_regexp(
+                ticket_id,
+                attachment_id,
+                first_link_only=key == 'rt-id' and attachment_id is None,
+            )
+        return cls(key, pattern)
+
+
+def consistency_check(groups: PostGroups) -> Iterable[Error]:
+    for key, related in groups.items():
+        for checked_meta in ['contract', 'entity', 'purchase-order']:
+            meta_values = related.meta_values(checked_meta)
+            if len(meta_values) != 1:
+                errmsg = f'inconsistent {checked_meta} for invoice {key}'
+                for post in related:
+                    yield Error(
+                        post.meta,
+                        f'{errmsg}: {post.meta.get(checked_meta)}',
+                        post.meta.txn,
+                    )
+
+def _since_last_nonzero(posts: core.RelatedPostings) -> core.RelatedPostings:
+    retval = core.RelatedPostings()
+    for post in posts:
+        if retval.balance().is_zero():
+            retval.clear()
+        retval.add(post)
+    return retval
+
+@ReportType.register('balance', 'bal')
+def balance_report(groups: PostGroups,
+                   out_file: TextIO,
+                   err_file: TextIO=sys.stderr,
+                   rt_client: Optional[rt.Rt]=None,
+                   rt_wrapper: Optional[rtutil.RT]=None,
+) -> None:
+    prefix = ''
+    for invoice, related in groups.items():
+        related = _since_last_nonzero(related)
+        balance = related.balance()
+        date_s = related[0].meta.date.strftime('%Y-%m-%d')
+        print(
+            f"{prefix}{invoice}:",
+            f"  {balance} outstanding since {date_s}",
+            sep='\n', file=out_file,
+        )
+        prefix = '\n'
+
+def _primary_rt_id(related: core.RelatedPostings) -> rtutil.TicketAttachmentIds:
+    rt_ids = related.all_meta_links('rt-id')
+    rt_ids_count = len(rt_ids)
+    if rt_ids_count != 1:
+        raise ValueError(f"{rt_ids_count} rt-id links found")
+    parsed = rtutil.RT.parse(rt_ids.pop())
+    if parsed is None:
+        raise ValueError("rt-id is not a valid RT reference")
+    else:
+        return parsed
+
+@ReportType.register('outgoing', 'outgoings', 'out')
+def outgoing_report(groups: PostGroups,
+                    out_file: TextIO,
+                    err_file: TextIO=sys.stderr,
+                    rt_client: Optional[rt.Rt]=None,
+                    rt_wrapper: Optional[rtutil.RT]=None,
+) -> None:
+    if rt_client is None or rt_wrapper is None:
+        raise ValueError("RT client is required but not configured")
+    for invoice, related in groups.items():
+        related = _since_last_nonzero(related)
+        try:
+            ticket_id, _ = _primary_rt_id(related)
+            ticket = rt_client.get_ticket(ticket_id)
+            # Note we only use this when ticket is None.
+            errmsg = f"ticket {ticket_id} not found"
+        except (ValueError, rt.RtError) as error:
+            ticket = None
+            errmsg = error.args[0]
+        if ticket is None:
+            print("error: can't generate outgoings report for {}"
+                  " because no RT ticket available: {}".format(
+                      invoice, errmsg,
+                  ), file=err_file)
+            continue
+
+        try:
+            rt_requestor = rt_client.get_user(ticket['Requestors'][0])
+        except (IndexError, rt.RtError):
+            rt_requestor = None
+        if rt_requestor is None:
+            requestor = ''
+            payee = ''
+        else:
+            requestor = '{RealName} <{EmailAddress}>'.format_map(rt_requestor)
+            payee = rt_requestor['RealName']
+
+        contract_links = related.all_meta_links('contract')
+        if contract_links:
+            contract_s = ' , '.join(rt_wrapper.iter_urls(
+                contract_links, '<{}>', '{}', '<BROKEN RT LINK: {}>',
+            ))
+        else:
+            contract_s = "NO CONTRACT GOVERNS THIS TRANSACTION"
+        projects = [v for v in related.meta_values('project')
+                    if isinstance(v, str)]
+        payment_method = ticket.get('CF.{payment-method}', '')
+
+        print(
+            "PAYMENT FOR APPROVAL:",
+            f"REQUESTOR: {requestor}",
+            f"TOTAL TO PAY: {-related.balance()}",
+            f"AGREEMENT: {contract_s}",
+            f"PAYMENT TO: {payee}",
+            f"PAYMENT METHOD: {payment_method}",
+            f"PROJECT: {', '.join(projects)}",
+            "\nBEANCOUNT ENTRIES:",
+            sep='\n', file=out_file,
+        )
+
+        last_txn: Optional[Transaction] = None
+        for post in related:
+            txn = post.meta.txn
+            if txn is not last_txn:
+                last_txn = txn
+                txn = rt_wrapper.txn_with_urls(txn)
+                bc_printer.print_entry(txn, file=out_file)
+
+def filter_search(postings: Iterable[data.Posting],
+                  search_terms: Iterable[SearchTerm],
+) -> Iterable[data.Posting]:
+    postings = (post for post in postings if post.account.is_under(
+        'Assets:Receivable', 'Liabilities:Payable',
+    ))
+    for meta_key, pattern in search_terms:
+        postings = filters.filter_meta_match(postings, meta_key, re.compile(pattern))
+    return postings
+
+def parse_arguments(arglist: Optional[Sequence[str]]=None) -> argparse.Namespace:
+    parser = argparse.ArgumentParser()
+    parser.add_argument(
+        '--report-type', '-t',
+        metavar='NAME',
+        type=ReportType.by_name,
+        help="""The type of report to generate, either `balance` or `outgoing`.
+If not specified, the default is `outgoing` for search criteria that return a
+single outstanding payable, and `balance` any other time.
+""")
+    parser.add_argument(
+        '--since',
+        metavar='YEAR',
+        type=int,
+        default=-1,
+        help="""How far back to search the books for related transactions.
+You can either specify a fiscal year, or a negative offset from the current
+fiscal year, to start loading entries from. The default is -1 (start from the
+previous fiscal year).
+""")
+    parser.add_argument(
+        'search',
+        nargs=argparse.ZERO_OR_MORE,
+        help="""Report on accruals that match this criteria. The format is
+NAME=TERM. TERM is a link or word that must exist in a posting's NAME
+metadata to match. A single ticket number is a shortcut for
+`rt-id=rt:NUMBER`. Any other link, including an RT attachment link in
+`TIK/ATT` format, is a shortcut for `invoice=LINK`.
+""")
+    args = parser.parse_args(arglist)
+    args.search_terms = [SearchTerm.parse(s) for s in args.search]
+    return args
+
+def main(arglist: Optional[Sequence[str]]=None,
+         stdout: TextIO=sys.stdout,
+         stderr: TextIO=sys.stderr,
+         config: Optional[configmod.Config]=None,
+) -> int:
+    returncode = 0
+    args = parse_arguments(arglist)
+    if config is None:
+        config = configmod.Config()
+        config.load_file()
+    books_loader = config.books_loader()
+    if books_loader is not None:
+        entries, load_errors, _ = books_loader.load_fy_range(args.since)
+    else:
+        entries = []
+        source = {
+            'filename': str(config.config_file_path()),
+            'lineno': 1,
+        }
+        load_errors = [Error(source, "no books to load in configuration", None)]
+    postings = filter_search(data.Posting.from_entries(entries), args.search_terms)
+    groups = core.RelatedPostings.group_by_meta(postings, 'invoice')
+    meta_errors = consistency_check(groups)
+    for error in load_errors:
+        bc_printer.print_error(error, file=stderr)
+        returncode |= ReturnFlag.LOAD_ERRORS
+    for error in meta_errors:
+        bc_printer.print_error(error, file=stderr)
+        returncode |= ReturnFlag.CONSISTENCY_ERRORS
+    if args.report_type is None:
+        args.report_type, groups = ReportType.default_for(groups)
+    if not groups:
+        print("warning: no matching entries found to report", file=stderr)
+        returncode |= ReturnFlag.NOTHING_TO_REPORT
+    else:
+        try:
+            args.report_type(
+                groups,
+                stdout,
+                stderr,
+                config.rt_client(),
+                config.rt_wrapper(),
+            )
+        except ValueError as exc:
+            print("error: unable to generate {}: {}".format(
+                args.report_type.__name__.replace('_', ' '),
+                exc.args[0],
+            ), file=stderr)
+            returncode |= ReturnFlag.REPORT_ERRORS
+    return 0 if returncode == 0 else 16 + returncode
+
+if __name__ == '__main__':
+    exit(main())
diff --git a/setup.py b/setup.py
index 1a8ce8c..3ef7431 100755
--- a/setup.py
+++ b/setup.py
@@ -26,5 +26,9 @@ setup(
     ],
 
     packages=['conservancy_beancount'],
-    entry_points={},
+    entry_points={
+        'console_scripts': [
+            'accrual-report = conservancy_beancount.reports.accrual:main',
+        ],
+    },
 )
diff --git a/tests/test_reports_accrual.py b/tests/test_reports_accrual.py
new file mode 100644
index 0000000..eb49c1e
--- /dev/null
+++ b/tests/test_reports_accrual.py
@@ -0,0 +1,410 @@
+"""test_reports_accrual - Unit tests for accrual report"""
+# Copyright © 2020  Brett Smith
+#
+# This program is free software: you can redistribute it and/or modify
+# it under the terms of the GNU Affero General Public License as published by
+# the Free Software Foundation, either version 3 of the License, or
+# (at your option) any later version.
+#
+# This program is distributed in the hope that it will be useful,
+# but WITHOUT ANY WARRANTY; without even the implied warranty of
+# MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+# GNU Affero General Public License for more details.
+#
+# You should have received a copy of the GNU Affero General Public License
+# along with this program.  If not, see <https://www.gnu.org/licenses/>.
+
+import collections
+import copy
+import io
+import itertools
+import re
+
+import pytest
+
+from . import testutil
+
+from beancount import loader as bc_loader
+from conservancy_beancount import data
+from conservancy_beancount import rtutil
+from conservancy_beancount.reports import accrual
+from conservancy_beancount.reports import core
+
+_accruals_load = bc_loader.load_file(testutil.test_path('books/accruals.beancount'))
+ACCRUALS_COUNT = sum(
+    1
+    for entry in _accruals_load[0]
+    for post in getattr(entry, 'postings', ())
+    if post.account.startswith(('Assets:Receivable:', 'Liabilities:Payable:'))
+)
+
+ACCOUNTS = [
+    'Assets:Receivable:Accounts',
+    'Assets:Receivable:Loans',
+    'Liabilities:Payable:Accounts',
+    'Liabilities:Payable:Vacation',
+]
+
+CONSISTENT_METADATA = [
+    'contract',
+    'entity',
+    'purchase-order',
+]
+
+class RTClient(testutil.RTClient):
+    TICKET_DATA = {
+        '505': [],
+        '510': [
+            ('4000', 'contract.pdf', 'application/pdf', '1.4m'),
+            ('5100', 'invoice april.pdf', 'application/pdf', '1.5m'),
+            ('5105', 'payment.png', 'image/png', '51.5k'),
+            ('6100', 'invoice may.pdf', 'application/pdf', '1.6m'),
+        ],
+        '515': [],
+    }
+
+
+@pytest.fixture
+def accrual_entries():
+    return copy.deepcopy(_accruals_load[0])
+
+@pytest.fixture
+def accrual_postings():
+    entries = copy.deepcopy(_accruals_load[0])
+    return data.Posting.from_entries(entries)
+
+def check_link_regexp(regexp, match_s, first_link_only=False):
+    assert regexp
+    assert re.search(regexp, match_s)
+    assert re.search(regexp, match_s + ' postlink')
+    assert re.search(regexp, match_s + '0') is None
+    assert re.search(regexp, '1' + match_s) is None
+    end_match = re.search(regexp, 'prelink ' + match_s)
+    if first_link_only:
+        assert end_match is None
+    else:
+        assert end_match
+
+@pytest.mark.parametrize('link_fmt', [
+    '{}',
+    'rt:{}',
+    'rt://ticket/{}',
+])
+def test_search_term_parse_rt_shortcuts(link_fmt):
+    key, regexp = accrual.SearchTerm.parse(link_fmt.format(220))
+    assert key == 'rt-id'
+    check_link_regexp(regexp, 'rt:220', first_link_only=True)
+    check_link_regexp(regexp, 'rt://ticket/220', first_link_only=True)
+
+@pytest.mark.parametrize('link_fmt', [
+    '{}/{}',
+    'rt:{}/{}',
+    'rt://ticket/{}/attachments/{}',
+])
+def test_search_term_parse_invoice_shortcuts(link_fmt):
+    key, regexp = accrual.SearchTerm.parse(link_fmt.format(330, 660))
+    assert key == 'invoice'
+    check_link_regexp(regexp, 'rt:330/660')
+    check_link_regexp(regexp, 'rt://ticket/330/attachments/660')
+
+@pytest.mark.parametrize('key', [
+    'approval',
+    'contract',
+    'invoice',
+])
+def test_search_term_parse_metadata_rt_shortcut(key):
+    actual_key, regexp = accrual.SearchTerm.parse(f'{key}=440/420')
+    assert actual_key == key
+    check_link_regexp(regexp, 'rt:440/420')
+    check_link_regexp(regexp, 'rt://ticket/440/attachments/420')
+
+@pytest.mark.parametrize('key', [
+    None,
+    'approval',
+    'contract',
+    'invoice',
+])
+def test_search_term_parse_repo_link(key):
+    document = '1234.pdf'
+    if key is None:
+        key = 'invoice'
+        search = document
+    else:
+        search = f'{key}={document}'
+    actual_key, regexp = accrual.SearchTerm.parse(search)
+    assert actual_key == key
+    check_link_regexp(regexp, document)
+
+@pytest.mark.parametrize('search,unmatched', [
+    ('1234.pdf', '1234_pdf'),
+])
+def test_search_term_parse_regexp_escaping(search, unmatched):
+    _, regexp = accrual.SearchTerm.parse(search)
+    assert re.search(regexp, unmatched) is None
+
+@pytest.mark.parametrize('search_terms,expect_count,check_func', [
+    ([], ACCRUALS_COUNT, lambda post: post.account.is_under(
+        'Assets:Receivable:', 'Liabilities:Payable:',
+    )),
+    ([('invoice', '^rt:505/5050$')], 2, lambda post: post.meta['entity'] == 'DonorA'),
+    ([('rt-id', r'^rt:\D+515$')], 1, lambda post: post.meta['entity'] == 'DonorB'),
+    ([('entity', '^Lawyer$')], 3, lambda post: post.meta['rt-id'] == 'rt:510'),
+    ([('entity', '^Lawyer$'), ('contract', '^rt:510/')], 2,
+     lambda post: post.meta['invoice'].startswith('rt:510/')),
+    ([('rt-id', '^rt:510$'), ('approval', '.')], 0, lambda post: False),
+])
+def test_filter_search(accrual_postings, search_terms, expect_count, check_func):
+    actual = list(accrual.filter_search(accrual_postings, search_terms))
+    if expect_count < ACCRUALS_COUNT:
+        assert ACCRUALS_COUNT > len(actual) >= expect_count
+    else:
+        assert len(actual) == ACCRUALS_COUNT
+    for post in actual:
+        assert check_func(post)
+
+@pytest.mark.parametrize('arg,expected', [
+    ('balance', accrual.balance_report),
+    ('outgoing', accrual.outgoing_report),
+    ('bal', accrual.balance_report),
+    ('out', accrual.outgoing_report),
+    ('outgoings', accrual.outgoing_report),
+])
+def test_report_type_by_name(arg, expected):
+    assert accrual.ReportType.by_name(arg.lower()) is expected
+    assert accrual.ReportType.by_name(arg.title()) is expected
+    assert accrual.ReportType.by_name(arg.upper()) is expected
+
+@pytest.mark.parametrize('arg', [
+    'unknown',
+    'blance',
+    'outgong',
+])
+def test_report_type_by_unknown_name(arg):
+    # Raising ValueError helps argparse generate good messages.
+    with pytest.raises(ValueError):
+        accrual.ReportType.by_name(arg)
+
+@pytest.mark.parametrize('invoice,expected', [
+    # No outstanding balance
+    ('rt:505/5050', accrual.balance_report),
+    ('rt:510/5100', accrual.balance_report),
+    # Outstanding receivable
+    ('rt://ticket/515/attachments/5150', accrual.balance_report),
+    # Outstanding payable
+    ('rt:510/6100', accrual.outgoing_report),
+])
+def test_default_report_type(accrual_postings, invoice, expected):
+    related = core.RelatedPostings()
+    for post in accrual_postings:
+        if (post.account.is_under('Assets:Receivable', 'Liabilities:Payable')
+            and post.meta.get('invoice') == invoice):
+            related.add(post)
+    groups = {invoice: related}
+    report_type, report_groups = accrual.ReportType.default_for(groups)
+    assert report_type is expected
+    assert report_groups == groups
+
+@pytest.mark.parametrize('entity,exp_type,exp_invoices', [
+    ('^Lawyer$', accrual.outgoing_report, {'rt:510/6100'}),
+    ('^Donor[AB]$', accrual.balance_report, {'rt://ticket/515/attachments/5150'}),
+    ('^(Lawyer|DonorB)$', accrual.balance_report,
+     {'rt:510/6100', 'rt://ticket/515/attachments/5150'}),
+])
+def test_default_report_type_multi_invoices(accrual_postings, entity, exp_type, exp_invoices):
+    groups = core.RelatedPostings.group_by_meta((
+        post for post in accrual_postings
+        if post.account.is_under('Assets:Receivable', 'Liabilities:Payable')
+        and re.match(entity, post.meta.get('entity', ''))
+    ), 'invoice')
+    report_type, report_groups = accrual.ReportType.default_for(groups)
+    assert report_type is exp_type
+    assert set(report_groups.keys()) == exp_invoices
+    assert all(len(related) > 0 for related in report_groups.values())
+
+@pytest.mark.parametrize('meta_key,account', testutil.combine_values(
+    CONSISTENT_METADATA,
+    ACCOUNTS,
+))
+def test_consistency_check_when_consistent(meta_key, account):
+    invoice = f'test-{meta_key}-invoice'
+    meta = {
+        'invoice': invoice,
+        meta_key: f'test-{meta_key}-value',
+    }
+    txn = testutil.Transaction(postings=[
+        (account, 100, meta),
+        (account, -100, meta),
+    ])
+    related = core.RelatedPostings(data.Posting.from_txn(txn))
+    assert not list(accrual.consistency_check({invoice: related}))
+
+@pytest.mark.parametrize('meta_key,account', testutil.combine_values(
+    ['approval', 'fx-rate', 'statement'],
+    ACCOUNTS,
+))
+def test_consistency_check_ignored_metadata(meta_key, account):
+    invoice = f'test-{meta_key}-invoice'
+    txn = testutil.Transaction(postings=[
+        (account, 100, {'invoice': invoice, meta_key: 'credit'}),
+        (account, -100, {'invoice': invoice, meta_key: 'debit'}),
+    ])
+    related = core.RelatedPostings(data.Posting.from_txn(txn))
+    assert not list(accrual.consistency_check({invoice: related}))
+
+@pytest.mark.parametrize('meta_key,account', testutil.combine_values(
+    CONSISTENT_METADATA,
+    ACCOUNTS,
+))
+def test_consistency_check_when_inconsistent(meta_key, account):
+    invoice = f'test-{meta_key}-invoice'
+    txn = testutil.Transaction(postings=[
+        (account, 100, {'invoice': invoice, meta_key: 'credit', 'lineno': 1}),
+        (account, -100, {'invoice': invoice, meta_key: 'debit', 'lineno': 2}),
+    ])
+    related = core.RelatedPostings(data.Posting.from_txn(txn))
+    errors = list(accrual.consistency_check({invoice: related}))
+    for exp_lineno, (actual, exp_msg) in enumerate(itertools.zip_longest(errors, [
+            f'inconsistent {meta_key} for invoice {invoice}: credit',
+            f'inconsistent {meta_key} for invoice {invoice}: debit',
+    ]), 1):
+        assert actual.message == exp_msg
+        assert actual.entry is txn
+        assert actual.source.get('lineno') == exp_lineno
+
+def check_output(output, expect_patterns):
+    output.seek(0)
+    for pattern in expect_patterns:
+        assert any(re.search(pattern, line) for line in output), \
+            f"{pattern!r} not found in output"
+
+@pytest.mark.parametrize('invoice,expected', [
+    ('rt:505/5050', "Zero balance outstanding since 2020-05-05"),
+    ('rt:510/5100', "Zero balance outstanding since 2020-05-10"),
+    ('rt:510/6100', "-280.00 USD outstanding since 2020-06-10"),
+    ('rt://ticket/515/attachments/5150', "1500.00 USD outstanding since 2020-05-15",),
+])
+def test_balance_report(accrual_postings, invoice, expected):
+    related = core.RelatedPostings(
+        post for post in accrual_postings
+        if post.meta.get('invoice') == invoice
+        and post.account.is_under('Assets:Receivable', 'Liabilities:Payable')
+    )
+    output = io.StringIO()
+    accrual.balance_report({invoice: related}, output)
+    check_output(output, [invoice, expected])
+
+def test_outgoing_report(accrual_postings):
+    invoice = 'rt:510/6100'
+    related = core.RelatedPostings(
+        post for post in accrual_postings
+        if post.meta.get('invoice') == invoice
+        and post.account.is_under('Assets:Receivable', 'Liabilities:Payable')
+    )
+    output = io.StringIO()
+    errors = io.StringIO()
+    rt_client = RTClient()
+    rt_cache = rtutil.RT(rt_client)
+    accrual.outgoing_report({invoice: related}, output, errors, rt_client, rt_cache)
+    assert not errors.getvalue()
+    rt_url = rt_client.DEFAULT_URL[:-9]
+    rt_id_url = re.escape(f'<{rt_url}Ticket/Display.html?id=510>')
+    contract_url = re.escape(f'<{rt_url}Ticket/Attachment/4000/4000/contract.pdf>')
+    check_output(output, [
+        r'^PAYMENT FOR APPROVAL:$',
+        r'^REQUESTOR: Mx\. 510 <mx510@example\.org>$',
+        r'^TOTAL TO PAY: 280\.00 USD$',
+        fr'^AGREEMENT: {contract_url}',
+        r'^PAYMENT TO: Mx\. 510$',
+        r'^PAYMENT METHOD: payment method 510$',
+        r'^BEANCOUNT ENTRIES:$',
+        # For each transaction, check for the date line, a metadata, and the
+        # Expenses posting.
+        r'^\s*2020-06-10\s',
+        fr'^\s+rt-id: "{rt_id_url}"$',
+        r'^\s+Expenses:Services:Legal\s+220\.00 USD$',
+        r'^\s*2020-06-12\s',
+        fr'^\s+contract: "{contract_url}"$',
+        r'^\s+Expenses:FilingFees\s+60\.00 USD$',
+    ])
+
+def run_main(arglist, config):
+    output = io.StringIO()
+    errors = io.StringIO()
+    retcode = accrual.main(arglist, output, errors, config)
+    return retcode, output, errors
+
+def check_main_fails(arglist, config, error_flags, error_patterns):
+    retcode, output, errors = run_main(arglist, config)
+    assert retcode > 16
+    assert (retcode - 16) & error_flags
+    check_output(errors, error_patterns)
+    assert not output.getvalue()
+
+@pytest.mark.parametrize('arglist', [
+    ['--report-type=outgoing'],
+    ['510'],
+    ['510/6100'],
+    ['entity=Lawyer'],
+])
+def test_main_outgoing_report(arglist):
+    rt_client = RTClient()
+    config = testutil.TestConfig(
+        books_path=testutil.test_path('books/accruals.beancount'),
+        rt_client=rt_client,
+    )
+    retcode, output, errors = run_main(arglist, config)
+    assert not errors.getvalue()
+    assert retcode == 0
+    rt_url = rt_client.DEFAULT_URL[:-9]
+    rt_id_url = re.escape(f'<{rt_url}Ticket/Display.html?id=510>')
+    contract_url = re.escape(f'<{rt_url}Ticket/Attachment/4000/4000/contract.pdf>')
+    check_output(output, [
+        r'^REQUESTOR: Mx\. 510 <mx510@example\.org>$',
+        r'^TOTAL TO PAY: 280\.00 USD$',
+        r'^\s*2020-06-12\s',
+        r'^\s+Expenses:FilingFees\s+60\.00 USD$',
+    ])
+
+@pytest.mark.parametrize('arglist', [
+    ['-t', 'balance'],
+    ['515'],
+    ['515/5150'],
+    ['entity=DonorB'],
+])
+def test_main_balance_report(arglist):
+    config = testutil.TestConfig(
+        books_path=testutil.test_path('books/accruals.beancount'),
+    )
+    retcode, output, errors = run_main(arglist, config)
+    assert not errors.getvalue()
+    assert retcode == 0
+    check_output(output, [
+        r'\brt://ticket/515/attachments/5150:$',
+        r'^\s+1500\.00 USD outstanding since 2020-05-15$',
+    ])
+
+def test_main_no_books():
+    check_main_fails([], testutil.TestConfig(), 1 | 8, [
+        r':1: +no books to load in configuration\b',
+    ])
+
+@pytest.mark.parametrize('arglist', [
+    ['499'],
+    ['505/99999'],
+    ['entity=NonExistent'],
+])
+def test_main_no_matches(arglist):
+    config = testutil.TestConfig(
+        books_path=testutil.test_path('books/accruals.beancount'),
+    )
+    check_main_fails(arglist, config, 8, [
+        r'^warning: no matching entries found to report$',
+    ])
+
+def test_main_no_rt():
+    config = testutil.TestConfig(
+        books_path=testutil.test_path('books/accruals.beancount'),
+    )
+    check_main_fails(['-t', 'out'], config, 4, [
+        r'^error: unable to generate outgoing report: RT client is required\b',
+    ])
diff --git a/tests/testutil.py b/tests/testutil.py
index 3612091..4d25277 100644
--- a/tests/testutil.py
+++ b/tests/testutil.py
@@ -16,6 +16,7 @@
 
 import datetime
 import itertools
+import re
 
 import beancount.core.amount as bc_amount
 import beancount.core.data as bc_data
@@ -23,7 +24,7 @@ import beancount.core.data as bc_data
 from decimal import Decimal
 from pathlib import Path
 
-from conservancy_beancount import rtutil
+from conservancy_beancount import books, rtutil
 
 EXTREME_FUTURE_DATE = datetime.date(datetime.MAXYEAR, 12, 30)
 FUTURE_DATE = datetime.date.today() + datetime.timedelta(days=365 * 99)
@@ -172,12 +173,25 @@ def OpeningBalance(acct=None, **txn_meta):
         (acct, -260),
     ])
 
+class TestBooksLoader(books.Loader):
+    def __init__(self, source):
+        self.source = source
+
+    def fy_range_string(self, from_fy=None, to_fy=None, plugins=None):
+        return f'include "{self.source}"'
+
+
 class TestConfig:
     def __init__(self, *,
+                 books_path=None,
                  payment_threshold=0,
                  repo_path=None,
                  rt_client=None,
     ):
+        if books_path is None:
+            self._books_loader = None
+        else:
+            self._books_loader = TestBooksLoader(books_path)
         self._payment_threshold = Decimal(payment_threshold)
         self.repo_path = test_path(repo_path)
         self._rt_client = rt_client
@@ -186,6 +200,12 @@ class TestConfig:
         else:
             self._rt_wrapper = rtutil.RT(rt_client)
 
+    def books_loader(self):
+        return self._books_loader
+
+    def config_file_path(self):
+        return test_path('userconfig/conservancy_beancount/config.ini')
+
     def payment_threshold(self):
         return self._payment_threshold
 
@@ -316,4 +336,25 @@ class RTClient:
         return {
             'id': 'ticket/{}'.format(ticket_id_s),
             'numerical_id': ticket_id_s,
+            'CF.{payment-method}': f'payment method {ticket_id_s}',
+            'Requestors': [
+                f'mx{ticket_id_s}@example.org',
+                'requestor2@example.org',
+            ],
+        }
+
+    def get_user(self, user_id):
+        user_id_s = str(user_id)
+        match = re.search(r'(\d+)@', user_id_s)
+        if match is None:
+            email = f'mx{user_id_s}@example.org'
+            user_id_num = int(user_id_s)
+        else:
+            email = user_id_s
+            user_id_num = int(match.group(1))
+        return {
+            'id': f'user/{user_id_num}',
+            'EmailAddress': email,
+            'Name': email,
+            'RealName': f'Mx. {user_id_num}',
         }