Accrued payroll refers to the amount of payroll expenses that have been incurred but not yet paid. This can include wages, salaries, bonuses, and other forms of compensation that are earned by employees during a certain period of time, such as a month or a quarter, but are not paid out until a later date. Accrued payroll is considered a liability on a company's balance sheet, as the company is obligated to pay the employees the wages they have earned, but has not yet paid. It is important for a company to properly account for accrued payroll in order to accurately reflect its financial position.