AAT Level 3 - Accruals - How to Account for Accrued Income

In this video I run through the accruals concept and specifically how this is applied to accrued (also known as deferred) income. I'll also cover two examples on how to record the double entry in your accounts.
If you've enjoyed this video you may find the following other videos useful to further your understanding on the accruals concept:
Accrued Expenses:
• AAT Level 3 - Accruals...
Prepaid Expenses:
• AAT Level 3 - Prepayme...
If you have any questions drop them in the comments below or email:
[e-mail]
/ willboardman_
www.linkedin.com/in/will-boardman

[@cuteotter2165]

You have no idea how much your videos have helped me this week.

[@aypibar3478]

Between all teachers on CZcams you are the best. Keep making tutorial videos. Thank you for your efforts

[@Willboardman]

Thank you very much!

[@polinadamianova]

Thank you, very helpful!

[@sday2551]

I love that the name of the company in the 2nd case study is a play on Dunder Mifflin

[@prabhs1418]

Hi there when are you dropping the prepayment videos please it would be great if you can do it before synoptic thank you love ur videos by the way keep the good work up :)

[@Willboardman]

Hi, glad you're enjoying the videos. In terms of the prepayment video, the expenses should be coming out prior to the next synoptic window but unfortunately I do doubt the income will be ready in time.

[@Willboardman]

Glad you found the video useful! It Is in the works (still!) but I'm not sure quite yet when I'll get round to filming it but hopefully soon if I can get the time :)

[@hamzab1678]

​@@Willboardman is the prepaid income one uploaded?