Accrual Method

Business, Legal & Accounting Glossary

Definition: Accrual Method

Accrual Method

Quick Summary of Accrual Method

Accrual accounting is an accounting method where revenue or expenses are recorded when a transaction occurs rather than when payment is received or made.

What is the dictionary definition of Accrual Method?

Dictionary Definition

An accounting method under which you report income in the year you earn it, regardless of when you receive the payment. You also deduct expenses in the tax year you incur them, regardless of when you pay them.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Accrual Method. Payroll & Accounting Heaven Ltd.
January 26, 2022
Chicago Manual of Style (CMS):
Accrual Method. Payroll & Accounting Heaven Ltd. (accessed: January 26, 2022).
American Psychological Association (APA):
Accrual Method. Retrieved January 26, 2022
, from website:

Definition Sources

Definitions for Accrual Method are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th February, 2020 | 0 Views.