accrual basis

/əˌkruəl ˌbeɪsəs/
IPA guide

Definitions of accrual basis
  1. noun
    a method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made
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    antonyms:
    cash basis
    a method of accounting in which each item is entered as payments are received or made
    type of:
    accounting, accounting system, method of accounting
    a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
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