---
title: "Unrecorded liabilities search"
description: "Unrecorded liabilities search — The audit procedure of looking at payments made and bills received after period end, and at receipts with no bill, to find obligations that existed at the balance sheet date but were never recorded. Management runs the same search before close, because what it finds is accrued."
canonical: "https://lopifi.com/glossary/unrecorded-liabilities-search"
---

# Unrecorded liabilities search

> Unrecorded liabilities search — The audit procedure of looking at payments made and bills received after period end, and at receipts with no bill, to find obligations that existed at the balance sheet date but were never recorded. Management runs the same search before close, because what it finds is accrued.

Source: https://lopifi.com/glossary/unrecorded-liabilities-search
Part of: Lopifi — Planned: US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

---

**What is unrecorded liabilities search?** In accounting, unrecorded liabilities search means the audit procedure of looking at payments made and bills received after period end, and at receipts with no bill, to find obligations that existed at the balance sheet date but were never recorded. Management runs the same search before close, because what it finds is accrued.

## Words this system refuses for it

- cutoff test (which tests both directions)
- subsequent event

- **Category:** Close
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/lexicon)
- **Related:** balance-sheet, period, close, bill