{"id":3824,"date":"2023-03-17T04:08:28","date_gmt":"2023-03-17T04:08:28","guid":{"rendered":"https:\/\/fisdomdevel.wpengine.com\/glossary\/accrued-expenses\/"},"modified":"2023-03-17T04:08:28","modified_gmt":"2023-03-17T04:08:28","slug":"accrued-expenses","status":"publish","type":"post","link":"https:\/\/www.fisdom.com\/glossary\/accrued-expenses\/","title":{"rendered":"Accrued Expenses"},"content":{"rendered":"<p>\nAccrued expenses are business payments, costs and liabilities which are payable at a future date. In simle terms, these are expenses which are recognised as incurred, but are yet to be paid. They are categorised as current liabilities in a company\u2019s Balance Sheet.<\/p>\n<h2>Examples of Accrued Expenses<\/h2>\n<p>Accrued expenses for a business can be salaries, wages, interest payments, electricity, internet and phone bills, office supplies etc<\/p>\n<h2>Importance of tracking Accrued Expenses<\/h2>\n<p>Tracking and managing Accrued expenses is important because<br \/>\nthese expenses are a liability for the company (i.e. money which must be paid out) and have a real impact on the  company\u2019s financial statements. For any business, it is important to know about the actual accrued expenses because they can have substantial impact on the cash flows.<\/p>\n<h2><\/h2>\n<h2><\/h2>\n<h2><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>Accrued expenses are business payments, costs and liabilities which are payable at a future date. In simle terms, these are expenses which are recognised as incurred, but are yet to be paid. They are categorised as current liabilities in a company\u2019s Balance Sheet. Examples of Accrued Expenses Accrued expenses for a business can be salaries, [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-3824","post","type-post","status-publish","format-standard","hentry","category-stocks"],"_links":{"self":[{"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/posts\/3824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/comments?post=3824"}],"version-history":[{"count":0,"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/posts\/3824\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/media?parent=3824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/categories?post=3824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fisdom.com\/glossary\/wp-json\/wp\/v2\/tags?post=3824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}