Join 10,000+ professionals who enrolled in the Controller Academy
https://controlleracademy.com/course...
[coupon 30OFFCOURSE for 30% discount]
Or
Get my Controller bundle, which includes the Controller Academy
https://controlleracademy.com/bundle...
[coupon 30OFFCOURSE for 30% discount]
Download the monthend close checklist shown in this video:
https://thefincontroller.com/p/thefi...
Download the vacation accrual example shown in this video:
https://thefincontroller.com/p/vacati...
Chapters:
00:00 Summary of video
01:10 Definition of Accounts Payable and Accrued Expenses
03:00 How to locate on the financial statements
04:34 How to record Accounts Payable
06:59 How to record Accrued Expense example vacation liability
I got some questions around the difference between Accounts Payable and Accrued Expenses. I made this video to clarify with examples.
Hang Out with me on social media:
/ the_financial_controller
/ thefinancialcontroller
♂https://www.facebook.com/groups/78073...
DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!
All views expressed on my channel are mine alone. Not intended as financial or professional advice