Accrued vs. Accrual: Accounting Differences Explained
SAP Concur blog explains the difference between 'accrued' and 'accrual' in accounting. Accrued refers to incurred but unrecorded items, like wages payable; accrual is an accounting method recognizing revenues and expenses when they occur, following the matching principle. The article emphasizes their importance for accurate financial reporting and compliance, and introduces how SAP Concur automates T&E and invoice management.
Impact and considerations
For finance and travel managers, understanding accrued vs. accrual helps accurately report expenses, ensure compliance, and leverage automation to reduce errors.
Key points
- Accrued refers to incurred but unrecorded items.
- Accrual recognizes revenues and expenses when they occur.
- Both are crucial for accurate financial reporting and compliance.
- SAP Concur automates T&E and invoice management.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 6 May 2025, 18:00
- Page published
- 13 Aug 2026, 08:34
- Last updated
- 6 May 2025, 18:00
- Original links
- SAP Concur Blog：Understand the Differences Between Accrued and Accrual in Accounting (opens in a new tab)Primary source · en · Published 6 May 2025, 18:00