accrual Definition
the accumulation or increase of something over time, especially payments or benefits.
Using accrual: Examples
Take a moment to familiarize yourself with how "accrual" can be used in various situations through the following examples!
Example
The accrual of interest on the loan is calculated monthly.
Example
Employees are entitled to vacation accrual based on their length of service.
Example
The company's revenue showed a steady accrual over the past year.
accrual Synonyms and Antonyms
Synonyms for accrual
Phrases with accrual
a method of accounting that records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged
Example
The company uses accrual accounting to better track its financial performance.
a system of accounting in which income and expenses are recorded when they are earned or incurred, rather than when they are received or paid
Example
The company reports its financial results on an accrual basis.
the rate at which something accumulates or increases over time, such as interest or benefits
Example
The accrual rate for vacation time is based on the employee's length of service.
Origins of accrual
from Latin 'ac-' meaning 'to' and 'crescere' meaning 'to grow'
Summary: accrual in Brief
The term 'accrual' [uh-kroo-uhl] refers to the accumulation or increase of something over time, especially payments or benefits. It can be used in contexts like 'The accrual of interest on the loan is calculated monthly,' and 'Employees are entitled to vacation accrual based on their length of service.' 'Accrual' also extends into phrases like 'accrual accounting,' which records revenues and expenses when they are earned or incurred, and 'accrual rate,' which denotes the rate at which something accumulates or increases over time.
