Jerry,
In that case, you aren't accruing the liability, but rather just saving
the money.
You can call that 'account' whatever you like, but you might want to
avoid 'accrued' just so you don't confuse yourself later.
You can create a sub-account of your Assets:Savings if you like to show
yourself that the money is there and set aside, then either transfer it
to the main account or just pay out of it directly.
Regards,
Adrien
On 2026-01-01 08:55, Jerry Criswell (JC) wrote:
Maybe Accrued is a poor choice of words. My property tax is due twice a
year for over $1000 each time. I devide that number by 12 and put that
amount in a savins acct so I have the full amount available when due.
Less painful that way.
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