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accrued payroll

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

The amount of wages and related expenses that have been incurred by the employer (and earned by the employees) but have not yet been paid.

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  • Debits and Credits
  • Adjusting Entries
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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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