AP-Accrual Inventory Account

The AP-Accrual Account is a liability account the software uses to hold your item’s cost when you Receive Inventory without a bill.

Let’s say you have received items from a vendor, but haven't yet received the bill. If you would like to sell these items, you need to Receive them into inventory. The AccountEdge software allows you to receive into inventory without a bill.

When you receive inventory, the software will put the items into inventory (debit) and credit the Inventory Accrual account.

When you eventually record the bill, the Inventory Accrual will be zeroed out (debited) and moved to your regular Accounts Payable account.