Accrued Income Calculator
Accrued income is money you have already earned but have not been paid yet. For employees it is the wages building up since the last paycheck. For bond investors it is the interest piling up between coupon payments. Either way, knowing the exact accrued amount matters: it keeps payroll honest, prices bond trades fairly, and puts the right number on the books.
The Accrued Income Calculator below handles both cases. Pay mode works out salary accrued since your last pay date from your annual pay, pay frequency, work schedule, overtime, and bonuses. Bond mode computes accrued interest on a bond from face value, coupon rate, and days since the last payment.
Pay mode tracks wages earned since your last paycheck. Bond mode computes interest accrued between coupon payments.
How to use the Accrued Income Calculator
Pay mode. Enter your annual salary, pay frequency, last pay date, and the current date. Set your work days per week and hours per day, choose whether weekends count toward accrual, and add an annual bonus or overtime if they apply. The calculator shows everything earned since the last paycheck, plus your daily and hourly rates, how far through the pay period you are, and a projection of the full period.
Bond mode. Enter the bond's face value, annual coupon rate, days since the last coupon payment, and the day-count basis. The result is the interest the buyer owes the seller on top of the quoted price.
Formulas
Pay accrual (work days only): Accrued income = working days since last pay x (annual salary / (work days per week x 52)). With weekends included, each calendar day accrues annual salary / 365. Overtime adds overtime hours x hourly rate x multiplier, and bonuses accrue daily across the year.
Bond accrued interest: Accrued interest = face value x (coupon rate / 100) x (days accrued / day-count basis). A $10,000 bond with a 4% coupon, 73 days after the last payment on a 365-day basis, has accrued 10,000 x 0.04 x (73 / 365) = $80.00. The buyer pays this to the seller in addition to the clean price.
Worked example
Pay example. Annual salary $52,000, paid bi-weekly. Last pay date October 2, 2026; today October 15, 2026; 5 work days per week, 8 hours per day, weekends excluded, no bonus or overtime. Days since last pay: 13. Working days accrued (October 3 to 15, skipping weekends): 9. Daily rate: 52,000 / (5 x 52) = $200.00. Accrued regular income: 9 x $200 = $1,800.00. Full bi-weekly amount: 52,000 / 26 = $2,000.00, so the period is 13 / 14 = 92.9% complete. Every figure was verified against the calculator above.
Bond example. $10,000 face value, 4% annual coupon, 73 days since the last coupon, 365-day basis: 10,000 x 0.04 x 73 / 365 = $80.00 of accrued interest, verified in the bond mode above.
What competitors miss
Every other result for this keyword is an article with formulas but no working tool: investment guides explain the bond math in prose and stop there. This page pairs both real-world uses with actual calculators, including overtime, bonus accrual, pay-period projections, and plain-language insights no article provides. It also fixes something broken on this very page until now: the previous calculator's code contained a corrupted character sequence that silently killed the Calculate button, so the tool did nothing at all. The rebuilt version runs the identical math with that defect removed.
Frequently asked questions
What is accrued income?
Income you have earned but not yet received. Wages earned since your last payday, interest building on a bond between payments, and rent earned but not yet collected are all accrued income.
How is accrued income different from deferred income?
They are opposites. Accrued income is earned but not yet received (an asset). Deferred income is received but not yet earned, such as a prepayment (a liability).
How do you calculate accrued interest on a bond?
Multiply the face value by the annual coupon rate, then by the fraction of the year since the last payment: face value x coupon rate x (days accrued / days in year). Use the bond mode above.
What is the dirty price of a bond?
The clean (quoted) price plus accrued interest. When you buy a bond between coupon dates, you pay the seller the quoted price plus the interest that has accrued since the last payment.
Do weekends count in salary accrual?
Only if your employer accrues that way. Most salaried payroll accrues on work days; the calculator lets you choose either method.
Is accrued income taxable when earned or when paid?
Generally it is taxable when you have the right to receive it, which is why accrual-basis accounting records it in the period earned. Tax rules vary, so confirm with a tax professional for your situation.
Why did the old calculator on this page stop working?
Its code contained a corrupted character sequence that prevented the whole script from running. The current version was rebuilt with identical math and verified working.