Back to Accrual Accounting in R2R: Process and Examples
What is accrual accounting in simple words?
Record-to-Report (R2R) · Article FAQ
Detailed Explanation
It is a method of recording income and expenses in the period they relate to, rather than the period cash is received or paid. If you receive a service in March and pay in April, the expense still belongs to March.
More from this article
Disclaimer: This material is for educational purposes only. Every financial situation is unique. Consult with a certified professional before making significant decisions.