Education
Annual Performance Bonus Accrual
Accruing year-end performance bonuses for academic and administrative staff.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Bonus Expense (Staff) | Expense (+) | 15,000.00 | - |
| Bonuses Payable | Liability (+) | - | 15,000.00 |
💡 Accountant's Note
Bonuses must be matched to the period of performance. If bonuses are for the academic year just ended, they belong in that year's expense regardless of when they are physically paid.
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