What Is Meant by the Accounting Term “Accruals”?

Accruals are those expenses that are incurred and the revenues that are earned over time, but which are recorded periodically only.

Accruals Accounting Definition

Accruals accounting is the traditional system of accounting in which income is compared with expenditure to arrive at the profit over a period of time.

True Tamplin, BSc, CEPF®

About the Author
True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True contributes to his own finance dictionary, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, his interview on CBS, or check out his speaker profile on the CFA Institute website.