Accounting Real Life Tasks - Accounts Payable vs. Accrued Expense. Here are real life examples

Join 10,000+ professionals who enrolled in the Controller Academy 🚀 https://controller-academy.com/courses/controller-academy [coupon 30OFFCOURSE for 30% discount] Or Get my Controller bundle, which includes the Controller Academy https://controller-academy.com/bundles/total-controller-access [coupon 30OFFCOURSE for 30% discount] Download the month-end close checklist shown in this video: https://thefincontroller.com/p/the-fin-controller-get-close-checklist Download the vacation accrual example shown in this video: https://thefincontroller.com/p/vacationaccrualexample Chapters: 00:00 Summary of video 01:10 Definition of Accounts Payable and Accrued Expenses 03:00 How to locate on the financial statements 04:34 How to record Accounts Payable 06:59 How to record Accrued Expense - example vacation liability I got some questions around the difference between Accounts Payable and Accrued Expenses. I made this video to clarify with examples. ----------------------------------- Hang Out with me on social media: 📸 https://www.instagram.com/the_financial_controller/ 📱https://www.tiktok.com/@thefinancialcontroller 🙋🏼‍♂️https://www.facebook.com/groups/780732429036886/?source_id=101273467885666 DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! All views expressed on my channel are mine alone. Not intended as financial or professional advice