Topical Terminology > Accrual Basis Accounting
Accrual Basis Accounting
For Accrual Basis Accounting we have terms and definitions in 2 topics. The topics are Fundraising and Grantmaking.
Accrual Basis Accounting (Fundraising) 
Calls for recording revenue in the period in which it is earned and recording expenses in the period in which they are incurred. Once elected, organizations must continue to use this accounting basis. See also:Cash Basis Accounting
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Accrual Basis Accounting (Grantmaking)
Calls for recording revenue in the period in which it is earned and recording expenses in the period in which they are incurred. Once elected, organizations must continue to use this accounting basis. See also:Cash Basis Accounting
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