accounts payable accrual account
The account used to accrue payable liabilities when you receive your items. Always used for inventory and outside processing purchases.
You can also accrue expenses at the time of receipt. Used by Purchasing and Inventory,
the accounts payable account represents your nonâ€“invoiced receipts, and is included in
your month end accounts payable liability balance. This account balance is cleared
when the invoice is matched in Payables.