If an accrued expense from prior fiscal year is then decided to be reversed, how do I book that in the next fiscal year?

Hi there,

Thanks for connecting with us here. When it comes to managing your books, QuickBooks is the go-to program that helps you to manage your work with peace of mind. I'll be happy to share more info so you're on the right track with your work. 

In order to accurately record your transactions, I highly recommend consulting an accounting professional for expert suggestions. This ensures your books remain accurate while you continue to manage your work with peace of mind. You can also get in touch with a professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. 

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