Accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged. The term "accrual" refers to any individual entry recording revenue or expense in ...

Accrual basis accounting (sometimes called the accrual method of accounting or simply accrual accounting) is the practice of recording all financial transactions when they occur, even if payment ...

This article discusses a Tax Court decision, recently affirmed by the Court of Appeals for the Ninth Circuit, concerning when ...

Here are three additional drawbacks to keep in mind when using cash basis accounting: The key difference between the cash basis and accrual method accounting is the timing of when the transactions ...