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- Mar 9, 2015
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Hi,
I'm a little puzzled about accruing an expense in Dec only to have your accrual go to RE and not be on your ledger anymore in January. Your December accrual will credit your expense account in January, and if the invoice gets paid it will debit, only to produce a zero effect. What piece of this puzzle am I missing????
Thanks!
I'm a little puzzled about accruing an expense in Dec only to have your accrual go to RE and not be on your ledger anymore in January. Your December accrual will credit your expense account in January, and if the invoice gets paid it will debit, only to produce a zero effect. What piece of this puzzle am I missing????
Thanks!