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 the difference between accrued and accrual?

Accrual accounting is a method of tracking such accumulated payments, either as accrued expenses or accounts payable. Accrued expenses are those liabilities that have built up over time and are due to be paid. Accounts payable, on the other hand, are current liabilities that will be paid in the near future.