Accrued expense: Difference between revisions

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''Financial reporting.''   
''Financial reporting - balance sheet - liabilities.''   


An amount owing - but not yet invoiced - for:
An amount owing - but not yet invoiced - for:
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* [[Bookkeeping]]
* [[Bookkeeping]]
* [[Deferred income]]
* [[Deferred income]]
* [[Expenditure]]
* [[Expense]]
* [[Expense]]
* [[Financial reporting]]
* [[Financial reporting]]

Latest revision as of 22:16, 14 July 2022

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