Understand adjusting entries for accounting purposes, how they are made and what they impact. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

Accountants often talk about booking an accrual journal entry or having to accrue a transaction, and if that is not your industry, you might wonder what they mean by this. In short, Accountants need ...

Effective for the fiscal 2019 year- end financial close and future years, responsibilities for accrual transaction processing have changed. New accrual processes are in place to maximize the ...

To provide guidance for financial year-end closing activities. The UTSA fiscal year is September 1 through August 31. Year-end closing activities are performed each fiscal year to help provide an ...

Expenses are the costs of doing business to gain revenues, and they are accrued when they are incurred but not paid in the same period. Since the expense still applies to the period it was incurred, ...