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.
Calculate payroll accrual reversals and new accrual bookings for biweekly payroll cycles, taking into account working days, holidays, and weekends.
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
$220,000
$200,000
$230,000
Account | Debit | Credit |
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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