Period-End Accrual Review Template
Review all period-end accrual entries to ensure they are appropriate, reasonable, and supported by evidence.
How to use this template
Identify accrual entries
Obtain a list of all period-end accruals recorded for utilities, professional fees, bonuses, etc.
Verify supporting evidence
Ensure each accrual is supported by an invoice, contract, or other appropriate documentation.
Assess reasonableness
Compare accrual amounts to prior period or budgeted amounts to identify anomalies.
Review subsequent payments
Check that accruals recorded in the prior period were paid in the following period.
Approve accrual schedule
Obtain sign-off from a manager confirming the appropriateness of all accruals.
Why use this template
- Ensures accruals are properly supported and reasonable
- Prevents over-accruals that distort reported income
- Reduces audit procedures and findings
- Provides clear documentation of accrual judgments
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