# Accrual

> Accrual — An expense incurred, or revenue earned, before it is invoiced — recorded at period end so it lands in the right period.

Source: https://lopifi.com/glossary/accrual
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is accrual?** In accounting, accrual means an expense incurred, or revenue earned, before it is invoiced — recorded at period end so it lands in the right period.

## Words this system refuses for it

- estimate

- **Category:** Close
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Rendered by:** [adjusting-entry-form](https://lopifi.com/md/components/adjusting-entry-form), [uninvoiced-receipts-report](https://lopifi.com/md/components/uninvoiced-receipts-report)
- **Related:** expense, revenue, period