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Accruals

This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.

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March 11, 2018 at 12:46 pm #442184
madni141
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Expense not invoiced and not paid is accrual.
Expense invoiced and not paid is also accrual?
March 11, 2018 at 5:32 pm #442222
John Moffat
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If it has been invoice, but not yet paid, then it is a payable, although they are both current liabilities (and so some people still call them accruals).
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