Examples
Examples
Try the starting example
- Opening accrued estimate ($)
- 100
- New closing accrued estimate ($)
- 120
- Invoices: name, period expense $, paid yes/no
- A,90,yes B,30,no
- Reverse opening accrual this period: yes or no
- yes
- Illustrative period expense ($)
- $140.00
- Closing accrued-estimate liability ($)
- $120.00
- Unpaid invoice liability ($)
- $30.00
- Invoice cash paid ($)
- $90.00
- Opening estimate reversed ($)
- $100.00
Try another scenario
- Opening accrued estimate ($)
- 100
- New closing accrued estimate ($)
- 120
- Invoices: name, period expense $, paid yes/no
- A,90,yes B,30,no
- Reverse opening accrual this period: yes or no
- no
- Illustrative period expense ($)
- $240.00
- Closing accrued-estimate liability ($)
- $220.00
- Unpaid invoice liability ($)
- $30.00
- Invoice cash paid ($)
- $90.00
- Opening estimate reversed ($)
- $0.00
Calculation method
Calculation method
Illustrative period expense ($)
Invoice expenses−opening reversal+new closing estimate.
Closing accrued-estimate liability ($)
Opening estimate−reversal+new closing estimate.
Unpaid invoice liability ($)
Sum invoice expenses marked unpaid.
Invoice cash paid ($)
Sum invoices marked paid.
Opening estimate reversed ($)
Opening accrued estimate if reversal is yes, otherwise zero.
Symbols and units
- a
- Opening accrued estimate ($)
- b
- New closing accrued estimate ($)
- c
- Invoices: name, period expense $, paid yes/no
- d
- Reverse opening accrual this period: yes or no
Use the units shown. A list keeps the order in which you enter its values. The symbol ^ means “raised to the power of”.
Assumptions & limits
Assumptions & limits
- A specified reversing-entry illustration with invoice amounts expensed in the period. It does not match invoices to accruals automatically; choosing no reversal can retain an unmatched estimate, which requires bookkeeping review.
Are these inputs private?
These calculations run in your browser. A shared link contains the values you choose to share. Only questions submitted to the separate AI finder are sent to OpenAI.
Further reading
OpenStax: financial-accounting model background ↗
Background reading; this does not imply endorsement or independent review of SumFizz.