Accrued Expense Roll-forward Template
Track the beginning balance, new accruals, payments, and ending balance of accrued expenses each period.
How to use this template
Pull beginning balance
Start with the prior period ending accrued expense balance by GL account.
Record reversal
Record the reversal of prior period accruals at the beginning of the new period.
Record new accruals
Estimate and record accruals for the current period (utilities, professional fees, bonuses, etc.).
Record actual payments
Track actual payments made against accrued liabilities and update the accrual balance.
Reconcile to GL
Verify the ending accrual balance ties to the GL control account.
Why use this template
- Ensures accurate accrual of period expenses
- Tracks accrual reversals to prevent double-counting
- Provides clear visibility of accrual timing differences
- Reduces audit findings on accrual accuracy
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