Book a Demo

Are you ready to experience the many benefits of container visibility? Schedule a VIZION API demo today.

Thank you for your submission!

A member of the Vizion team will be in touch shortly.
Oops! Something went wrong while submitting the form.
close modal icon
Back to Glossary

Accrual

shipping container at sea
Definition

In the context of the supply chain, accrual refers to the recording and recognition of expenses or revenues that have been incurred but not yet paid or received. It involves accounting for these transactions as they are earned or incurred, regardless of the actual cash flow. Accrual accounting allows for a more accurate representation of the financial position and performance of a company, ensuring that costs and revenues are recognized in the appropriate period.

Have a question?
Talk to an expert.

Our experts love to answer questions. Fill out the form and someone will contact you soon.

Thank you for your submission!

A member of the Vizion team will be in touch shortly.
Oops! Something went wrong while submitting the form.

Get the Most Advanced Visibility into the Journey of Your Ocean and Rail Containers

Talk to one of our supply chain experts to get started now.

Accrual

Definition

In the context of the supply chain, accrual refers to the recording and recognition of expenses or revenues that have been incurred but not yet paid or received. It involves accounting for these transactions as they are earned or incurred, regardless of the actual cash flow. Accrual accounting allows for a more accurate representation of the financial position and performance of a company, ensuring that costs and revenues are recognized in the appropriate period.

Have a question? Talk to an expert.

Our experts love to answer questions. Fill out the form and someone will contact you soon.

Thank you for your submission!

A member of the Vizion team will be in touch shortly.
Oops! Something went wrong while submitting the form.

Get the Most Advanced Visibility Into the Journey of Your Ocean and Rail Containers

Talk to one of our supply chain experts to get started now.
Talk to an Expert
Shipping container at seaShipping container at sea