An accountant with over six years of excellent experience across several industries, including Travel, Telecommunications, Software and Recruitment. At The Finance Chap, Alex is committed to providing useful and practical accounting information.

What is Accrued Income?

Accrued Income is money that has been earned but has not yet been invoiced/received. Accrued Income is also known as Accrued Revenue. How does Accrued Income Work? Most companies use accrual accounting. IFRS and GAAP (the main two accounting principles and standards in the world) prefer companies to match revenue and costs in period that …

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