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


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Page URL
https://payrollheaven.com/define/vacation-pay-payable/
Modern Language Association (MLA):
Vacation Pay Payable. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
June 27, 2022 https://payrollheaven.com/define/vacation-pay-payable/.
Chicago Manual of Style (CMS):
Vacation Pay Payable. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/vacation-pay-payable/ (accessed: June 27, 2022).
American Psychological Association (APA):
Vacation Pay Payable. PayrollHeaven.com. Retrieved June 27, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/vacation-pay-payable/

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.