Accruable Accounts Payable
Source: Finance and Accounting Guru
If your company operates strictly on a cash basis, you likely have no reason to even think about an accounts payable system. Accruals are adjustment entries posted to the trial balance by the accounting department to provide for expenses that have not been invoiced to the company in the current period. The purpose, of course, is to better match income and expense. For many businesses, this is a good accounting practice and it makes good sense.