Payroll Accrual Calculator

The Payroll Accrual Calculator automates the complex process of determining biweekly payroll accruals by calculating the exact working days in each month, accounting for holidays and weekends. It provides finance teams with precise figures for monthly expense recognition, previous accrual reversals, and new accrual bookings, along with a complete journal entry template for proper expense allocation across accounting periods.

Payroll Accrual Calculator

Calculate payroll accrual reversals and new accrual bookings for biweekly payroll cycles, taking into account working days, holidays, and weekends.

$100,000

Working Days Calculation

Total Days in January

31

Working Days in Month

22

Working Days in Previous Month

20

Working Days in Next Month

21

Daily Payroll Rate

$10,000

Expense This Month

$220,000

Reverse Previous Accrual

$200,000

Book New Accrual

$230,000

Journal Entry

Account Debit Credit

Disclaimer: The financial calculators provided on this website are for informational and educational purposes only. They are designed to provide general illustrations of financial concepts and are not intended to provide specific financial advice or recommendations. These calculators rely on the data and assumptions input by users. The ... Read more