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Accrued Liabilities Meaning

Accrued liabilities are expenses that a company has incurred but not yet paid, and for which invoices may not have been received at the reporting date. They arise when goods or services have been delivered and the company has benefited from them, but the corresponding cash outflow will occur in the future. Examples include wages earned by employees but not yet paid, utilities used but not yet billed, or services provided by suppliers where the invoice will be issued later.

In these cases, the company records an expense and a corresponding liability, often in an accrued expenses or other payables account. Bank or cash accounts are not affected until payment is actually made. Accrued liabilities are typically classified as current liabilities on the balance sheet.

They are written off when the company settles the obligation, reducing the liability and decreasing cash or bank balances. This treatment is grounded in the accrual method and the matching principle, which require that expenses be recognized in the period in which the related benefits are received.

Accrued liabilities can be:

Routine (e.g., recurring operating items such as payroll, utilities, or raw materials purchased on credit), or
Non-routine (e.g., infrequent items such as one-time bonuses, legal settlements, or restructuring costs).

Recognizing accrued liabilities correctly helps ensure that financial statements reflect the true cost of operations and that obligations are not understated.

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Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

Finery Markets’ software is non-custodial and is provided exclusively to licensed institutional entities that act as independent operators of their own environments. All counterparties are solely responsible for establishing and maintaining their own bilateral trading and settlement relationships. Finery Markets is not a party to any such arrangements and assumes no responsibility for the conduct, verification, or compliance obligations of any users of the software.

Nothing on this website shall be construed as a financial promotion, investment advice, or an offer to engage in regulated activities. Access to and use of the software is strictly limited to clients who have entered into a software licensing agreement with Finery Markets. Persons located in jurisdictions where such access is restricted should not rely on this website or any of its contents.

Additional notice to UK visitors: This website and associated communications are not intended to constitute a financial promotion under The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) and related guidance. Access to services provided by Finery Markets is limited to regulated entities, professional clients and eligible counterparties as set out by the Financial Conduct Authority. UK users are not permitted to use this website for the services of Finery Markets if they don't fall within these categories.