M3 Accrued Expenses

Where adjustments are required for accrued expenses, use this workpaper to record these adjustments.

Enter adjustments required

Using the table provided enter the required details of the items which require adjusting. Record your assumptions using the notes function in the CCH Workpapers ribbon:

1. Code – enter the account code of the applicable account

2. Details of accrued expense – enter the account name and description of transaction in column C

3. Amount – where client is GST registered enter amount as GST exclusive and ensure corresponding journal entry also adjusts for GST component on taxable supplies.

4. Attach supporting documents.

5. Create the journal to record to the accrued expense to the balance sheet.

6. Make notes regarding your assumptions using the notes function from the CCH Workpapers ribbon.