Difference between revisions of "Accrued expense"

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''Financial reporting - balance sheet - liabilities.''   
  
 
An amount owing - but not yet invoiced - for:
 
An amount owing - but not yet invoiced - for:

Latest revision as of 12:05, 29 October 2020

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