accrual

What is the opposite of accrual? Here is what we hold, with its meaning and related words.

Noun — An amount of income or expense that has been earned or incurred but not yet received or paid, recorded in the accounts for the period it belongs to.

Synonyms by Meaning

1. noun

An amount of income or expense that has been earned or incurred but not yet received or paid, recorded in the accounts for the period it belongs to.

“The auditors questioned a large accrual for legal fees at the year end.”

provision liability accruement accumulation

2. noun

The gradual build-up of something over time, such as interest, holiday entitlement or benefits.

“Holiday accrual starts on your first day, not after probation.”

accumulation build-up growth

How to use accrual

The word patterns that sound natural to a native speaker.

accrual accounting accrual basis holiday accrual interest accrual accruals and prepayments

Formal. Standard in accounting, payroll and finance.

Etymology

From accrue, from Old French acreue 'increase', from Latin accrescere 'to grow towards', from ad- + crescere 'to grow'.

Full origin of accrual →

Frequently asked questions

What is the difference between accrual and cash accounting?

Accrual accounting records income and costs when they are earned or incurred, whatever date the money moves. Cash accounting records them only when cash actually comes in or goes out. Accrual gives a truer picture of a period's performance, which is why it is required for most larger companies.

What is the difference between an accrual and a prepayment?

An accrual is for something you have received but not yet paid for, so it is a liability. A prepayment is for something you have paid for but not yet received, so it is an asset. They are mirror images of the same timing problem.

What does holiday accrual mean?

It means paid leave builds up gradually as you work, usually a fixed fraction of a day for each month or hour completed, rather than being granted all at once at the start of the year.

People also searched

provision liability accumulation growth

Nearby words

← Back to the full definition of accrual