Share with colleagues and friends who could benefit from our webinars too!
Accrued Expenses - Best Practices
What is the most common flow or best practice for recording accrued expenses? I can't seem to find anything concrete about it in SuiteAnswers and am not terribly familiar with this particular process.
If I could just get pointed in the right direction with maybe a SuiteAnswers article, that would be enough.
I know we have to create a reversal afterward, but I've seen some suggest starting with a memorized vendor bill or just a journal.
I know one of them they're wanting to record is for credit card fees and another is part of our SEM for paid searches.