[header] How to accrue an expense [title] Understand what an accrued expense is. [step] An accrued expense occurs when an accounting period is coming to a close and there are unpaid expenses and unrecorded liabilities. For example, wages that have been earned but not yet disbursed would represent an accrued expense. 
Companies handle accrued expenses by making adjusting entries to the general journal. [title] Understand why you need to accrue expenses.