The accrual method is required if your business's annual sales exceed $5 million and your venture is structured as a corporation. In addition, businesses with inventory must also use the accrual ...

That's where accrual accounting comes in—it's a way to record these transactions when they happen rather than when the money moves. It's the preferred method of the International Financial ...

Mikolette / Getty Images Accrual accounting is the preferred approach for companies reporting their financial statements under generally accepted accounting practices (GAAP), which are issued ...