Accrual Entry Workpaper Template
Support document for period-end accrual entries. Show calculation basis, supporting documentation, and approval.
How to use this template
Document accrual basis
Write clear description of what is being accrued and why. Example: 'Utilities for February used but not yet invoiced by utility company'.
Show calculation
Detail the accrual calculation: historical monthly average, usage-based estimate with support, percentage of revenue, or other methodology.
Reference supporting detail
Note where the calculation comes from: prior invoices, usage reports, contract terms, or management estimates with support.
Record the entry
Show the GL entry: which accounts are debited/credited, amounts, and account codes. Example: Debit Utilities Expense, Credit Accrued Utilities.
Obtain approval and file
Have preparer initial and manager approve. File workpaper with GL entries so audit trail is complete.
Why use this template
- Demonstrates management review of accrual basis
- Provides auditors clear support for accrual amounts
- Makes it easy to reverse and re-accrue in next period
- Helps new team members understand accrual methodology
Related templates
Reversing Entry Schedule
Track which accrual and deferral entries reverse into the next period. Ensure reversals are posted and reconcile to actuals.
Journal EntriesJournal Entry Tracker
Track all manual journal entries posted during the period. Maintain a centralized log with descriptions, approvals, and GL impact.
Journal EntriesManual Adjustment Log
Log and track all manual GL adjustments made during the close period. Maintain history of what was adjusted and why.
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