ContributionsMost RecentMost LikesSolutionsRe: Tracking Leave Accruals as Liabilities I cant find my previous post, so here it is again. There are 2 scenarios where the 2nd scenario is I journaled on EOY the paid LSL to debit the expense account and credit the liability account (I work at school, so EOY is December. LSL accrual is 10weeks after 8years) The 2nd scenario gives accurate expense and liability accounts. Re: Tracking Leave Accruals as Liabilities Steven_Mwrote: Now, in theory, you don't have to override that expense account and rely solely on journal entries to manage the leave liability. However, it's not the best practice as it doesn't accurately reflect that leave liability in real-time as you could have paid it out but not updated the leave liability account. I agree that overriding the expense account (and debiting instead the liability account) reflects the liability in real-time. But I think we are missing one more step to be done at EOY journals: that is to debit the expense account and credit the liability account with the total paid leave during the year . I have explained this on detail on my other comment, but please correct me if I am wrong. But if Im right, I think the MYOB procedure should be revised