Accrued Expense

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Definitions
Accrual
Accrual Accrued Charge Accrued Expense Accrued Liability Accounting Finance Balance Sheet Profit and Loss Account
An accrual is an accounting estimate of a liability for expenses not yet invoiced or requested for payment at the time the accounts are prepared, presenting a more accurate financial snapshot.
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Definitions
Accrued Expense
Accrued Expense Accrual Accounting Financial Statements Expenses Liabilities Balance Sheet Profit and Loss
An accrued expense is a cost that has been incurred but not yet paid. These are obligations that a company must pay out in the future for services or goods that have already been received.
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