Accrued expense

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Revision as of 22:16, 14 July 2022 by imported>Doug Williamson (Add link.)
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Financial reporting - balance sheet - liabilities.

An amount owing - but not yet invoiced - for:

  • Services or goods received before the end of the accounting period; or
  • Other economic benefits enjoyed before the end of the accounting period.


An accrued expense is a form of liability, because it represents cash that will have to be paid out in the future, for a benefit that has already been received.

Accrued expenses may include estimates about the amounts of final future payments, or their likelihood, or both.


Also known as an accrual.


See also