Accrual example sentences

"Accrual" Example Sentences

1. Interest accrual begins on the first day of the term.
2. Vacation time accrues monthly based on the employee's length of service.
3. Expense accruals are recorded at the end of an accounting period.
4. The bonus is paid out once a year based on the accrual of points.
5. Cash basis accounting does not allow for expense accruals.
6. An accrued liability appears on the balance sheet due to expense accrual.
7. The accountant reviews expense accruals at the end of each quarter.
8. Revenue accrual depends on terms of sale and shipping date.
9. Liability accrual estimates future costs that have been incurred.
10. The accounting department estimates employee benefit accruals.
11. Revenues are recognized on an accrual basis, not cash basis.
12. Depreciation expense is accrued monthly over the useful life of the asset.
13. Salaries and wages expense accrues daily for accounting purposes.
14. Expense accruals must be reviewed periodically for accuracy.
15. Interest accruals are calculated daily and posted monthly.
16. They analyze new expense accruals each month before closing the books.
17. The annual contracts led to sizable revenue accruals.
18. Accrued expenses represent expenses incurred but not paid in cash.
19. Accounts receivable represent revenue accrual that has not been collected.
20. The company accrues expenses based on services received, not paid invoices.
21. Adjusting journal entries correct expense accrual estimates.
22. Revenue accrual estimates are based on sales during the accrual period.
23. According to the accrual basis of accounting, revenue is recognized when it is earned.
24. Accrued interest receivable increases as interest revenue accrues.
25. The company periodically revises expense accrual calculations based on actual costs.
26. Pension expense accruals must be estimated using actuarial data.
27. Interest expense accrues daily while interest payable accumulates monthly.
28. Insurance expense accrues continuously throughout the policy period.
29. The financial statements reflect revenue and expense accrual, not just cash inflows and outflows.
30. Accrued liabilities arise from the accrual of expenses over time.
31. Accrued expense journal entries record expenses accrued but not yet paid.
32. The company accrues warranty expense based on estimated costs for covered products.
33. Accounts payable represent expenses accrued but not yet paid.
34. We accrue revenue based on the contractual terms, not billing cycles.
35. Additional accruals may be necessary based on additional expenses incurred.
36. The year-end revenue accrual adjustment was a significant entry.
37. Periodic expense accrual estimates are adjusted based on actual costs.
38. Deferred revenue represents cash received in excess of revenue accrued.
39. Health insurance expense accrues equally each month during the plan year.
40. Utility expense accrues continuously based on usage, not billing cycles.
41. Revenue is accrued when goods are shipped or services are provided.
42. The expense accrual for utilities was underestimated last quarter.
43. Accrued payroll liabilities represent salaries and wages earned but not yet paid.
44. The amount of revenue accrual depends on the specific terms of each contract.
45. The partnership agreement specifies how income and losses accrue to each partner.
46. Our revenue accrual estimates were slightly higher than actual revenue earned.
47. Rent expense accrues evenly throughout the lease term, not just when paid.
48. Accrued expenses represent liability from expense incurred but not yet paid.
49. Customers generally have up to 30 days to pay invoices after revenue accrual.
50. Revenue accrual calculations must be updated to reflect contract amendments.
51. Overtime expense accrues when employees work overtime, not when paid.
52. The retained earnings statement reflects revenue and expense accrual activity.
53. We review and adjust expense accrual estimates quarterly or monthly.
54. Revenue accruals created sizable short-term liabilities for the company.
55. Deferred compensation expense accrues over the required service period.
56. Pension expense accrues based on actuarial assumptions and calculations.
57. Accrued interest payable represents interest expense accrued but not paid.
58. Quarterly and annual financial reports reflect the accrual-based method of accounting.
59. Accrued bonuses represent expense accrued for employee incentive compensation.
60. Accounting adjustments correct differences between accruals and actual amounts.

Common Phases

1. Accrual accounting
2. Accrued expense
3. Expense accrual
4. Accrued interest
5. Interest accrual
6. Accrued liability
7. Revenue accrual
8. Accrued revenue
9. Accrued payroll
10. Revenue recognition on an accrual basis