What Is Accrual Accounting?
Accrual Accounting (Definition)
Businesses that count how much cash they have – and what invoices are owed – are doing accrual accounting.
Accrual basis accounting looks beyond your immediate cash situation to acknowledge money that will be coming or going from the business. The alternative is cash accounting, which simply counts cash that has already come or gone.
One of the fears companies can have when making a choice to outsource their finance back office...