Examples of Central Office accruals are utility bill accruals that span more than one accounting period. An entry made at the end of an accounting period to recognize an income or expense in the period that it is incurred. Bills from suppliers can be paid by check or credit card. Your business may not pay 100 percent of its income tax expense during the year; it may owe a small fraction to the IRS at years end. Next, apply the Journal Entry to the created credits/debits. Foxs settlement with Dominion unlikely to cost it $787.5M Hi, QuickBooks Community! Utilities Expense Journal Entry | Payment | Example \"https://sb\" : \"http://b\") + \".scorecardresearch.com/beacon.js\";el.parentNode.insertBefore(s, el);})();\r\n","enabled":true},{"pages":["all"],"location":"footer","script":"\r\n
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