Tag: Accrual Accounting

  • Accrual Accounting During The Holidays

    In the accounting and bookkeeping world, it’s important to understand what accrual accounting means and how important it is during a company’s most busy sales quarter. What’s accrual? It’s when you account for each financial transaction as it happens—every time you sell a product or service, you record it. In accrual bookkeeping, you record every transaction no matter when payment occurs.