Vacation Pay Payable

Business, Legal & Accounting Glossary

Definition: Vacation Pay Payable

Vacation Pay Payable

Full Definition of Vacation Pay Payable

Vacation pay payable is a general ledger account that records an employer’s obligation to pay employees for vacation time earned but not yet used. At the end of each reporting period, the balance in this account is updated to reflect additions to accrued vacation expense as well as employee use of vacation time. Typically, the account is classified as a current liability.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Vacation Pay Payable. Payroll & Accounting Heaven Ltd.
June 27, 2022
Chicago Manual of Style (CMS):
Vacation Pay Payable. Payroll & Accounting Heaven Ltd. (accessed: June 27, 2022).
American Psychological Association (APA):
Vacation Pay Payable. Retrieved June 27, 2022
, from website:

Definition Sources

Definitions for Vacation Pay Payable are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th April, 2022 | 0 Views.