accrual accounting definition
Accrual accounting - What is accrual accounting? Accrual accounting is an accounting method that recognises financial events when they occur, regardless of when payment is made. Starting and maintaining solid, professional accounting practices is essential for the growth of a business. Make sure yours are in order with Debitoor. When a company uses the accrual accounting method, economic events are recognised in their accounts by matching revenues to expenses (the matching principle) at the time in which the transaction occurs (as opposed to when the payment is made or received).