{"iri":"https://lexicon.financial/legal/tax/irs/Pub583/AccrualMethod","label":"Accrual method","definition":"An accounting method under which income is reported in the tax year it is earned (regardless of when payment is received) and expenses are deducted (or capitalized) in the tax year incurred (regardless of when paid).","license":"https://www.usa.gov/government-copyright","source":"irs","source_url":"https://www.irs.gov/publications/p583"}