Enterprise glossary and term center

Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.

Accrual - How do accruals work?

Using accruals, companies record expenses when incurred with or without any cash payments for the expenses. To record an expense in the period in which it is incurred, companies debit the expense account and credit the accounts payable, an account used to track the amount of cash owed by the company to suppliers.