accrual
/əˈkruːəl/
noun
- The act or process of accumulating something over time, especially money or benefits.
- The accrual of interest on the loan made the total repayment higher.
- The accrual of frequent flyer miles allowed her to book a free trip.
- Employees receive an accrual of two weeks of paid vacation each year.
- In accounting, the recognition of revenue or expenses when they are earned or incurred, not when cash is exchanged.
- The company uses accrual accounting to match revenue with expenses.
- An accrual for unpaid wages was recorded at the end of the month.
- The accountant made an accrual for the estimated tax bill.
Synonyms