Accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged. The term "accrual" refers to any individual entry recording revenue or expense in ...

The accounting solutions provider is now focusing on small businesses after mainly concentrating on the bookkeeping needs of ...

It follows the matching principle, which ensures that expenses are matched with the revenues they help generate. In summary, ...

Additionally, accrual accounting is preferred by the Financial Accounting Standards Board, the organization that created the Generally Accepted Accounting Principles (GAAP). The main drawback of ...