BASQUE COUNTRY AND NAVARRE: Can I accrue the extra pays for the closing of accounts?

As we mentioned in the news on January 23, to optimize the 2025 Corporations bill, it is important to verify the correct application of accounting standards. Thus, for example, in terms of personnel expenses, it is often possible to accrue and record as an expense a part of the extra pays from the following fiscal year. Let's see when.

If the extra pays are accrued proportionally over 12 months...

In general, the extra pays are accrued proportionally over 12 months, even if they are paid on specific dates:

✓ Therefore, as of the closing on December 31, your company will be able to record as an expense the part that has already been accrued and not yet paid for the summer extra of 2026.

Consider that if your employee were to leave the company, they would be entitled to receive that part of the extra pays that has already been accrued and not yet paid. Therefore, with this accounting treatment, you will reflect in your accounts the expenses truly accrued during 2025.

✓ However, you will not be able to accrue the Christmas bonus (as it will have been paid in December 2025 and the one for 2026 has started to accrue from January 1).

If they are accrued semi-annually...

If your agreement establishes that the extra pays are accrued semi-annually, you will not be able to accrue anything. In those cases, the summer pay is accrued between January and June, and the Christmas pay between July and December. Therefore, at the end of the year, the payments and accruals coincide.

Our professionals will analyze your accounts and help you accrue the extra pays.