Accrual accounting is an accounting method used by businesses and organizations to record financial transactions when they occur, regardless of when the cash related to those transactions changes hands. Under

In bookkeeping and accounting, “accounts receivable” (often abbreviated as AR) refers to the outstanding amounts of money that are owed to a business or organization by its customers or clients

In bookkeeping and accounting, “accounts payable” (often abbreviated as AP) refers to the amount of money that a business or organization owes to its suppliers or vendors for goods or

Accounting software is a computer program or application specifically designed to streamline and automate various accounting and financial tasks within the realm of bookkeeping and accounting. It is used by

An accounting period, also known as a fiscal period or financial period, is a specific length of time for which a business or organization prepares its financial statements and reports