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 - What is an accrual in simple terms?
Accrual refers to an entry made in the books of accounts related to the recording of revenue or expense paid without any exchange of cash. ... Under the accrual method of accounting expenses are balanced with revenues on the income statement.