What is accrual accounting?

Don’t count your chickens before they hatch – unless you do accrual accounting, so the saying goes. Wait, what, you say you haven’t heard that one? Well, I don’t know exactly where that saying comes from, but I can say it has a lot to do with the big question here… just what is accrual accounting? Accrual accounting is simply a method to match revenue and expenses to the time in which they are earned or spent via a logical and structured