An accrued liability is an accounting term for an expense that a business has incurred but has not yet paid.

A liability is something a person or company owes, usually a sum of money. Liabilities are settled over time through the transfer of economic benefits ...

Accrued expenses, also known as accrued liabilities, are those expenses recognized on the books before they have been paid. The expenses are recorded in the ...

Feb 12, 2024 · Accruals are revenues earned or expenses incurred that impact a company's net income, although cash has not yet exchanged hands.

Accrued Expenses: Definition · Adjusting Journal Entry

Accrual accounting is where a business records revenue or expenses when a transaction occurs using the double-entry accounting method.

Accruals · What's the Difference? · Adjustments for revenue

Accrued interest refers to the interest that has been incurred on a loan or other financial obligation but has not yet been paid out.

Jun 7, 2022 · Accrued revenue is revenue that has been earned by providing a good or service, but for which no cash has been received.

To accrue means to accumulate over time, and is most commonly used when referring to the interest, income, or expenses of an individual or business.