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→top: re-categorisation
Calculating [[revenues]] or expenditures on the basis of when they are earned or encumbered,rather than when payment is received or made, respectively. Accrual revenues are considered earned when a claim for reimbursement is submitted. Accrual expenses are considered encumbered when a Purchase Order or contract is submitted.
Calculating [[revenues]] or expenditures on the basis of when they are earned or encumbered,rather than when payment is received or made, respectively. Accrual revenues are considered earned when a claim for reimbursement is submitted. Accrual expenses are considered encumbered when a Purchase Order or contract is submitted.
[[category:Budget terms]]
[[Category:Budget Terms]]
[[Category:Accounting]]
[[Category:Accounting]]