Accrued Expense financial definition of Accrued Expense. Accrued Expense finance term by the Free Online Dictionary.

Accruals

On a balance sheet, an expense or asset that is recognized before it is paid. Accruals are recorded as liabilities or assets (depending on the type) and are recognized because of the extremely high likelihood of payment. Accruals are generally periodic payments; examples include salaries and accounts receivable from well-known customers. They are recorded as "accrued" on a balance sheet on the date the payment begins to be expected; they remain in this section of the balance sheet until they are actually paid.

accrued expense

An expense incurred but not yet paid. A firm incurs certain expenses such as wages, interest, and taxes that are paid only periodically. From the time expenses are incurred until the date they are paid, expenses accrue in a firm's balance sheet.

Accrued Expense

What Does Accrued Expense Mean?

An accounting expense (current liability) recognized on the company's books before it actually is paid for. Such expenses are typically periodic and are recorded on a company's balance sheet because of the high probability that they ultimately will be collected.

Investopedia explains Accrued Expense

Accrued expenses are the opposite of prepaid expenses. Typical company accrued expenses include wages, interest, and taxes. Even though they will be paid on a future date, they are recorded on the balance sheet until the moment they are paid. An example would be interest that accrues on a simple bank loan.

Related Terms:
• Accrual Accounting
• Accrued Interest
• Balance Sheet
• Gross Income
• Liability

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
Accrual Accounting accrued interest Adjusting Entry liability	To deduct an accrued expense, an accrual-basis taxpayer must satisfy an all-events test. When is a liability a liability? by Reichert, Charles J. / Journal of Accountancy Users work with a library of financial objects, such as prepaid and accrued expenses and asset-based revolving lines of credit. White Birch Software Inc by Financial Executive Oracle's solution, running on top of the Oracle8 database and Oracle Internet Application Server, gives MSC visibility and traceability for all financial transactions, the capability to enter accrued expenses as they occur instead of monthly and the ability to record worldwide transactions in the period in which they occur. MILITARY SEALIFT COMMAND IMPLEMENTS ORACLE U.S. FEDERAL FINANCIALS ... by EDP Weekly's IT Monitor	Accredito Accreted Value Accreting Cap Accreting Swap Accreting Swap) accretion Accretion of Discount Accretive Acquisition Accrual Accounting Accrual Accounting Convention Accrual Basis Accrual Bond accrual method Accrual Method of Accounting Accrual of Obligation Accrual Rate Accruals accrue Accrued Assets Accrued Benefit Cost Method Accrued Benefits accrued but unpaid accrued depreciation Accrued Discount Accrued Dividend Accrued Expense Accrued Income Accrued Income Scheme accrued interest Accrued Market Discount Accrued Taxes Acculturation Accumulate Accumulated Amount Accumulated Benefit Obligation Accumulated Depletion accumulated depreciation accumulated dividend Accumulated Earnings Tax Accumulated Other Comprehensive Income Accumulated Profits Tax Accumulation Accumulation Area Accumulation Benefits Accumulation Period Accumulation Plan Accumulation Trust Accumulation Unit Accumulation Unit Value Accumulation/Distribution Line Accuracy	accrue accrue accrue to accrued accrued accrued accrued Accrued Assets Accrued benefit Accrued benefit Accrued benefit Accrued benefit Accrued Benefit Cost Method Accrued Benefit Ratio Accrued benefits Accrued benefits Accrued benefits Accrued benefits Accrued Bond Accrued Bonds accrued but unpaid accrued depreciation accrued depreciation accrued depreciation Accrued discount Accrued Discounts Accrued Dividend Accrued Dividends Accrued Expenditure Unpaid Accrued Expenditures Paid Accrued Expense Accrued Expenses Accrued Expenses Unpaid Accrued Income Accrued Income Scheme Accrued Income Scheme Accrued Income Schemes Accrued Incomes Accrued interest Accrued Interest Payable Accrued Interest Receivable Accrued Interests Accrued Leave Accrued liabilities Accrued Liability Accrued market discount Accrued Market Discounts accrued needs Accrued Operating Time Accrued Postretirement Benefit Cost Accrued Revenue Accrued Revenue Accrued Revenue Accrued Revenue Accrued Revenues Accrued Tax Accrued Taxes accruemen accruement accruement accruement

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Accrual Accounting
accrued interest
Adjusting Entry
liability

To deduct an accrued expense, an accrual-basis taxpayer must satisfy an all-events test.

When is a liability a liability? by Reichert, Charles J. / Journal of Accountancy

Users work with a library of financial objects, such as prepaid and accrued expenses and asset-based revolving lines of credit.

White Birch Software Inc by Financial Executive

Oracle's solution, running on top of the Oracle8 database and Oracle Internet Application Server, gives MSC visibility and traceability for all financial transactions, the capability to enter accrued expenses as they occur instead of monthly and the ability to record worldwide transactions in the period in which they occur.

MILITARY SEALIFT COMMAND IMPLEMENTS ORACLE U.S. FEDERAL FINANCIALS ... by EDP Weekly's IT Monitor

Accretion of Discount

Accretive Acquisition

Accrual Accounting

Accrual Accounting Convention

Accrual Basis