At the end of each accounting period, businesses will generally need to accrue payroll-related expenses.

Name: At the end of each accounting period, businesses will generally need to accrue payroll-related expenses.
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Accruing payroll-related expenses is necessary to recognize the expenses in the period in which the employees earned the wages, regardless of when the wages are actually paid, ensuring that financial statements are accurate and comply with the matching principle of accounting.

At the End of Each Accounting Period, Businesses Will Generally