Accrued expenses, also known as accrued liabilities, refer to expenses that are recognized on the books before they have been paid. The expense is recorded during the period in which it is incurred, rather than when it is paid.
Entrepreneurs usually don’t go into business to spend all their time doing accounting. So, if you’re like most business.
Accounting methods are tools for businesses to use in order to record their finances and keep track of their finances..
