When is the cost of producing and mailing statements expensed? Is it accrued and matched with the month it pertains to (for example, the expense for Jan's statements would be accrued in January), or is it expensed in the month the statements are produced and mailed which would be the subsequent month (Feb for example)? The same applies to the yearend tax statements - accrue in the year they pertain to, or expense in the subsequent year when created and mailed. For a large financial institution, the total can be a decent amount in December. We have received conflicting opinions.

I would be shocked in very many banks are accruing for statement preparation, including 1099's and 1098's. Discuss this topic with your CFO and external auditors.