Tax
End of Service Benefit (EOSB) Provision
Accruing the liability for employee severance pay as required by Middle Eastern labor laws.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| EOSB Expense | Expense (+) | 1,200.00 | - |
| Provision for EOSB | Liability (+) | - | 1,200.00 |
💡 Accountant's Note
In Jordan and Saudi Arabia, companies must build a reserve for the gratuity pay employees receive when they leave.
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QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.