Add Business

What is the difference between accrual and payable?

Business Owner? Claim it.
No Reviews
  • USA
Write A Review
Description
Map
Reviews
Description
Accrued expenses and accounts payable (AP) are both liabilities, but the main difference is timing and documentation: AP involves an actual invoice received for goods/services (e.g., a supplier bill), while accrued expenses are costs incurred but not yet billed (e.g., wages earned but not paid), recorded via estimates at period-end. AP is documented by the invoice, while accrued expenses use adjusting entries for things like interest, rent, or salaries owed.
Map
Reviews

Leave a Review

Select a rating
Categories: ACCOUNTING SERVICES
Tags: business
{"hide_search_input":"","hide_near_input":"","show":"","filters_pos":"","input_size":"","bar_flex_wrap":"","bar_flex_wrap_md":"","bar_flex_wrap_lg":"","input_border":"","input_border_opacity":"","input_rounded_size":"","btn_bg":"","btn_rounded_size":"","btn_rounded_size_md":"","btn_rounded_size_lg":"","bg":"","mt":"","mr":"","mb":3,"ml":"","pt":"","pr":"","pb":"","pl":"","border":"","rounded":"","rounded_size":"","rounded_size_md":"","rounded_size_lg":"","shadow":"","css_class":""}

UAE Business Directory

Add Business