7 Ways to Honor Your Father. You may remember the story of Butch OâHare, the military hero we featured a few months ago. Well, several of our subscribers pointed us to who Butchâs father was â Edward J. âEddieâ OâHare. Eddie was a lawyer who worked with Al Capone. Details to the extent of this relationship are uncertain.
accrued revenue definition. Revenue that has been earned but not yet invoiced to the customer.
Accrued expenses represent expenses incurred but not yet paid by the company. When companies receive invoices for services or products they received, the money owed represents an accrued expense. The company records the expense when it receives the invoice. If the company will not receive an invoice until the following period, the accounting staff records a manual accrual entry increasing accounts payable and increasing the expense for the amount of the transaction.