Glossary
Accrual
An accrual is a sale or cost you record in the period it happened, even if the money has not come in or gone out yet.
What it means for a shop owner
It makes your report show the true picture for the month. A power bill for May is recorded in May even if you pay it in June. Without it one month looks richer and the next poorer than it was.
A worked example
You use 200 of power in May and pay in June. You book 200 as a May cost and it stays a liability until paid.
Related
Try it in your shop, free, no card.
The free plan: the whole shop for one branch, an offline cashier with stock, debts and accounting, with a daily limit on invoices, expenses and purchase orders. What it includes