Reporting an Accrued Expense With A Support/Oppose Memo With A Payment in the Future

When a payment is made on an Accrued Expense with a Support/Oppose Memo, a couple of things have to be considered:

1. The payment could be a partial payment
2. There could be more than one S/O Memo

To accommodate that, we report the Accrued Expense Payment as a cash-impacting transaction on Sch E, with “See Memo” as the candidate name. This transaction is for the amount of the Accrued Expense Payment.

A memo transaction (or memo transactions) will pull to the report containing candidate info and the full amount spent on the candidate or committee. This is in case the payment amount is different.