Reconciling Accrued Bonus Account

USA Discussion in 'Technical Queries' started by kimberlykelly49, Nov 13, 2018.

  1. kimberlykelly49

    kimberlykelly49

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    Hello,

    Can someone please let me know what 2 accounts are compared in reconciling the accrued bonus account?

    Kim
     
    kimberlykelly49, Nov 13, 2018
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  2. kimberlykelly49

    Steve-LevelUp VIP Member

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    Bonus expense and bonus accrual
     
    Steve-LevelUp, Nov 17, 2018
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  3. kimberlykelly49

    kirby VIP Member

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    In a correctly performed recon, you compare the GL balance to external info. So to do this for accrued bonus, you have to compare the accrued bonus gl acct to what management intends to pay as bonus. That number comes from HR or management, usually supported by a memo.
     
    kirby, Dec 3, 2018
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