Category Archives: Bookkeeping

What Are Liabilities in Accounting? With Examples Bench Accounting

Accrued liabilities QuickBooks ProAdvisor are costs that have been incurred but not yet paid. So for example, if you owe wages to employees for work done in the current period but have not yet paid them, record these as Accrued Expenses on your balance sheet. Capital leases (also known as finance leases), are treated like […]