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.

Generally Accepted Accounting Practices - What accounting method is accepted under GAAP?

The only accounting method accepted by GAAP, or generally accepted accounting principles, is the accrual basis accounting method. This method applies the matching principle by recording revenue when it is earned and expenses as they occur.