Discover when businesses must use accrual accounting and how it differs from cash accounting. Learn why it's essential for ...

Take an in-depth look at the treatment of revenues and expenses within the accrual method of accounting and learn why many ...

Thanks to accrual basis accounting, many expenses appear on the balance sheet before money changes hands. The company records these expenses, called accrued expenses, in the period they occur. They ...

Increasing expense accruals, or accrued expenses, helps companies conserve cash at the time they incur an expense. Using accrual-basis accounting, companies record expenses when incurred but don't ...

It makes a big difference when companies recognize revenues. The "accrual" method of recognizing sales is an important concept to understand, because under this system, a company might not have ...

Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small ...

Need a break? Most employers think you do. According to the Bureau of Labor Statistics, 76 percent of workers in private industry enjoy paid vacation time, making it one of the most common benefits ...

In November 2014, a Michigan bankruptcy judge confirmed a plan that allowed Detroit’s government to shed $7 billion in liabilities, averting a total financial collapse. One year later, however, many ...