Matching principle

In accounting, matching principle means recognizing an expense in the same period as the revenue it helped produce.

Layer: Lexicon
Defined in: Lexicon
Nearby: 4

Authority

This definition follows CON 8, Ch. 4, App. A — expense recognition.

Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.

The lesson that teaches this

Accounting, 0 to 1 — a free course taught end to end on one month of one company, with the spreadsheet exercises to work it yourself.

08Cash, accrual and cut-offCash accounting records when money moves. Accrual records when value moves. Every hard question in the rest of the course lives in the gap between the two.9 min

What it is not called

Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.

matching alone (that is reconciliation)

Nearby in the catalog

No component names this concept outright. These are the ones in its part of the system, which is a weaker claim — but a component nothing links to is a component nobody finds.