# Accrued liability

> Accrued liability — An obligation for goods or services received but not yet invoiced or paid — wages, interest, professional fees — recorded by an accrual.

Source: https://lopifi.com/glossary/accrued-liability
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is accrued liability?** In accounting, accrued liability means an obligation for goods or services received but not yet invoiced or paid — wages, interest, professional fees — recorded by an accrual.

## Words this system refuses for it

- accrued AP
- provision (a provision is an uncertain estimate)

- **Category:** Close
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** liability, accrual