Money
Accruals
Costs or income recorded in the month they belong to, even though the money hasn't moved yet, such as a bill for work done this month that arrives next month.
You'll hear it as
Finance needs your accruals by the 25th: anything we've used but not been invoiced for.
Why it matters to you.
Month-end requests to "accrue" something are finance making the numbers match reality. Answering them quickly saves everyone a correction later.
Also called Accrual.
Related terms.
Videos.
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