ACCRUAL BASIS
\ɐkɹˈuːə͡l bˈe͡ɪsɪs], \ɐkɹˈuːəl bˈeɪsɪs], \ɐ_k_ɹ_ˈuː_əl b_ˈeɪ_s_ɪ_s]\
Definitions of ACCRUAL BASIS
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a method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made
By Princeton University