UNIKBOK / Swedish bookkeeping examples / Accrued expensesPå svenska
How to book an accrued expense
Electricity for December costs SEK 1,000 including VAT, but the invoice arrives in January.
How to book it
No invoice at year-endBoth methods
| Account | Account name | Debit | Credit |
|---|---|---|---|
| 5020 | El för belysning (Electricity) | 1,000 | |
| 2990 | Övriga upplupna kostnader (Other accrued expenses) | 1,000 | |
| Total | 1,000 | 1,000 |
Invoice received at year-endBoth methods
| Account | Account name | Debit | Credit |
|---|---|---|---|
| 5020 | El för belysning (Electricity) | 800 | |
| 2641 | Debiterad ingående moms (Input VAT) | 200 | |
| 2440 | Leverantörsskulder (Accounts payable) | 1,000 | |
| Total | 1,000 | 1,000 |
Common mistakes
- Deducting VAT without having received the invoice. Without an invoice, the full amount is accrued.
The UNIKBOK accounting software has a ready-made template for accrued expenses. Take a photo of the document, and the software suggests the accounts, VAT and journal entry for you.