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Accrual Accounting
The short answer
An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash is actually received or paid.
What is Accrual Accounting?
An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash is actually received or paid.
About this page. Written by Associate Professor Charles Lo, CPA, PhD. Checked against reliable sources before publication. No ads and no paywall. Editorial standards · How we fact check · Corrections log · Report an error
Educational information only. Nothing on this page is personal financial, tax or legal advice. Investing involves risk, including the possible loss of principal.
