Writing off accrued expenses in current year

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT member discussion
I have accrued accountancy charges in my client's books for the last 2 years and have now been instructed that, due to losses being realised in each of those years, the accountant is not going to make a charge. He instructed me to write off this credit figure under accountancy in the current year but how is this done?

Any ideas?

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Writing off accrued expenses in current year

    Dr: Accrued expenses on balance sheet
    Cr: Accountancy in the profit & loss

    Regards

    Dean

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