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
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