diff --git a/addons/account/__manifest__.py b/addons/account/__manifest__.py
index c1951b19666..1670fd3bc62 100644
--- a/addons/account/__manifest__.py
+++ b/addons/account/__manifest__.py
@@ -24,6 +24,7 @@ You could use this simplified accounting in case you work with an (external) acc
         'data/digest_data.xml',
         'views/account_menuitem.xml',
         'views/account_payment_view.xml',
+        'wizard/account_accrual_accounting_view.xml',
         'wizard/account_unreconcile_view.xml',
         'wizard/account_move_reversal_view.xml',
         'views/account_move_views.xml',
diff --git a/addons/account/models/account_move.py b/addons/account/models/account_move.py
index 69af644a794..c162b869d25 100644
--- a/addons/account/models/account_move.py
+++ b/addons/account/models/account_move.py
@@ -3568,6 +3568,11 @@ class AccountMoveLine(models.Model):
         action['domain'] = [('id', 'in', ids)]
         return action
 
+    def action_accrual_entry(self):
+        [action] = self.env.ref('account.account_accrual_accounting_wizard_action').read()
+        action['context'] = self.env.context
+        return action
+
     @api.model
     def _get_suspense_moves_domain(self):
         return [
diff --git a/addons/account/models/company.py b/addons/account/models/company.py
index 95980862702..a2d71f8645d 100644
--- a/addons/account/models/company.py
+++ b/addons/account/models/company.py
@@ -107,6 +107,11 @@ Best Regards,'''))
     # Needed in the Point of Sale
     account_default_pos_receivable_account_id = fields.Many2one('account.account', string="Default PoS Receivable Account")
 
+    # Accrual Accounting
+    expense_accrual_account_id = fields.Many2one('account.account', help="Account used to move the period of an expense", domain=[('internal_group', '=', 'liability'), ('reconcile', '=', True)])
+    revenue_accrual_account_id = fields.Many2one('account.account', help="Account used to move the period of a revenue", domain=[('internal_group', '=', 'asset'), ('reconcile', '=', True)])
+    accrual_default_journal_id = fields.Many2one('account.journal', help="Journal used by default for moving the period of an entry", domain="[('type', '=', 'general')]")
+
     @api.constrains('account_opening_move_id', 'fiscalyear_last_day', 'fiscalyear_last_month')
     def _check_fiscalyear_last_day(self):
         # if the user explicitly chooses the 29th of February we allow it:
diff --git a/addons/account/views/account_move_views.xml b/addons/account/views/account_move_views.xml
index 3e704a282cb..89d3103898c 100644
--- a/addons/account/views/account_move_views.xml
+++ b/addons/account/views/account_move_views.xml
@@ -983,6 +983,14 @@
             <field name="tag">manual_reconciliation_view</field>
         </record>
 
+        <record id="action_accrual_entry" model="ir.actions.server">
+            <field name="name">Change Period</field>
+            <field name="model_id" ref="account.model_account_move_line"/>
+            <field name="binding_model_id" ref="account.model_account_move_line"/>
+            <field name="state">code</field>
+            <field name="code">action = records.action_accrual_entry()</field>
+        </record>
+
         <act_window
             id="action_move_line_select_tax_audit"
             name="Journal Items for Tax Audit"
diff --git a/addons/account/wizard/__init__.py b/addons/account/wizard/__init__.py
index f016df3eed1..a703a2f4e43 100644
--- a/addons/account/wizard/__init__.py
+++ b/addons/account/wizard/__init__.py
@@ -2,6 +2,7 @@
 # Part of Odoo. See LICENSE file for full copyright and licensing details.
 
 
+from . import account_accrual_accounting
 from . import account_unreconcile
 from . import account_validate_account_move
 from . import pos_box
diff --git a/addons/account/wizard/account_accrual_accounting.py b/addons/account/wizard/account_accrual_accounting.py
new file mode 100644
index 00000000000..86a01d1c538
--- /dev/null
+++ b/addons/account/wizard/account_accrual_accounting.py
@@ -0,0 +1,144 @@
+# -*- coding: utf-8 -*-
+from odoo import api, fields, models, _
+from odoo.exceptions import UserError
+
+
+class AccrualAccountingWizard(models.TransientModel):
+    _name = 'account.accrual.accounting.wizard'
+    _description = 'Create accrual entry.'
+
+    date = fields.Date(required=True)
+    company_id = fields.Many2one('res.company', required=True, default=lambda self: self.env.company)
+    account_type = fields.Selection([('income', 'Revenue'), ('expense', 'Expense')])
+    active_move_line_ids = fields.Many2many('account.move.line')
+    journal_id = fields.Many2one('account.journal', required=True, related="company_id.accrual_default_journal_id", readonly=False)
+    expense_accrual_account = fields.Many2one('account.account', related="company_id.expense_accrual_account_id", readonly=False)
+    revenue_accrual_account = fields.Many2one('account.account', related="company_id.revenue_accrual_account_id", readonly=False)
+    percentage = fields.Float("Percentage", default=100.0)
+    total_amount = fields.Monetary(compute="_compute_total_amount", currency_field='company_currency_id')
+    company_currency_id = fields.Many2one('res.currency', related='company_id.currency_id')
+
+    @api.constrains('percentage')
+    def _constraint_percentage(self):
+        for record in self:
+            if not (0.0 < record.percentage <= 100.0):
+                raise UserError(_("Percentage must be between 0 and 100"))
+
+    @api.depends('percentage', 'active_move_line_ids')
+    def _compute_total_amount(self):
+        for record in self:
+            record.total_amount = sum(record.active_move_line_ids.mapped(lambda l: record.percentage * (l.debit + l.credit) / 100))
+
+    @api.model
+    def default_get(self, fields):
+        if self.env.context.get('active_model') != 'account.move.line' or not self.env.context.get('active_ids'):
+            raise UserError(_('This can only be used on journal items'))
+        rec = super(AccrualAccountingWizard, self).default_get(fields)
+        active_move_line_ids = self.env['account.move.line'].browse(self.env.context['active_ids'])
+        rec['active_move_line_ids'] = active_move_line_ids.ids
+
+        if any(move_line.reconciled for move_line in active_move_line_ids):
+            raise UserError(_('You can only change the period for items that are not yet reconciled.'))
+        if any(line.account_id.user_type_id != active_move_line_ids[0].account_id.user_type_id for line in active_move_line_ids):
+            raise UserError(_('All accounts on the lines must be from the same type.'))
+        account_types_allowed = self.env.ref('account.data_account_type_expenses') + self.env.ref('account.data_account_type_revenue') + self.env.ref('account.data_account_type_other_income')
+        if active_move_line_ids[0].account_id.user_type_id not in account_types_allowed:
+            raise UserError(_('You can only change the period for items in these types of accounts: ') + ", ".join(account_types_allowed.mapped('name')))
+        rec['account_type'] = active_move_line_ids[0].account_id.user_type_id.internal_group
+        return rec
+
+    def amend_entries(self):
+        move_data = []
+        to_reconcile = []
+        message_data = []
+
+        #gather the origin account on seleced journal items
+        origin_accounts = {}
+        for aml in self.active_move_line_ids:
+            origin_accounts[aml.id] = aml.account_id.id
+
+        #set the accrual account on the selected journal items
+        self.active_move_line_ids.write({'account_id': (self.revenue_accrual_account if self.account_type == 'income' else self.expense_accrual_account).id})
+
+        #create the accrual move(s) and reconcile accrual items together
+        for aml in self.active_move_line_ids:
+            reported_debit = aml.company_id.currency_id.round((self.percentage / 100) * aml.debit)
+            reported_credit = aml.company_id.currency_id.round((self.percentage / 100) * aml.credit)
+            ref = _('Accrual Adjusting Entry ({percent}% recognized) for invoice: {name}').format(percent=self.percentage, name=aml.move_id.name)
+            move_data = [{
+                'date': self.date,
+                'ref': ref,
+                'journal_id': self.journal_id.id,
+                'line_ids': [
+                    (0, 0, {
+                        'name': aml.name,
+                        'debit': reported_debit,
+                        'credit': reported_credit,
+                        'account_id': origin_accounts[aml.id],
+                        'partner_id': aml.partner_id.id,
+                    }),
+                    (0, 0, {
+                        'name': ref,
+                        'debit': reported_credit,
+                        'credit': reported_debit,
+                        'account_id': (self.revenue_accrual_account if self.account_type == 'income' else self.expense_accrual_account).id,
+                        'partner_id': aml.partner_id.id,
+                    }),
+                ],
+            }]
+            message_data = [(_('Accrual Adjusting Entry ({percent}% recognized) for invoice:') + ' <a href=# data-oe-model=account.move data-oe-id={id}>{name}</a>').format(
+                percent=self.percentage,
+                id=aml.move_id.id,
+                name=aml.move_id.name,
+            )]
+            #in case the percentage to recognize is not 100%, another entry is created to keep the remaining balance in the same account at the original date
+            if self.percentage < 100:
+                ref = _('Accrual Adjusting Entry ({percent}% recognized) for invoice: {name}').format(percent=100 - self.percentage, name=aml.move_id.name)
+                move_data.append({
+                    'date': aml.move_id.date,
+                    'ref': ref,
+                    'journal_id': self.journal_id.id,
+                    'line_ids': [
+                        (0, 0, {
+                            'name': aml.name,
+                            'debit': aml.debit - reported_debit,
+                            'credit': aml.credit - reported_credit,
+                            'account_id': origin_accounts[aml.id],
+                            'partner_id': aml.partner_id.id,
+                        }),
+                        (0, 0, {
+                            'name': ref,
+                            'debit': aml.credit - reported_credit,
+                            'credit': aml.debit - reported_debit,
+                            'account_id': (self.revenue_accrual_account if self.account_type == 'income' else self.expense_accrual_account).id,
+                            'partner_id': aml.partner_id.id,
+                        }),
+                    ],
+                })
+                message_data.append((_('Accrual Adjusting Entry ({percent}% recognized) for invoice:') + ' <a href=# data-oe-model=account.move data-oe-id={id}>{name}</a>').format(
+                    percent=self.percentage,
+                    id=aml.move_id.id,
+                    name=aml.move_id.name,
+                ))
+
+            created_ids = self.env['account.move'].create(move_data)
+            created_ids.post()
+            for move, msg in zip(created_ids, message_data):
+                move.message_post(body=msg)
+
+            #reconcile journal items on the accrual account
+            to_reconcile = created_ids.line_ids.filtered(lambda line: line.account_id in (self.revenue_accrual_account + self.expense_accrual_account)) + aml
+            to_reconcile.reconcile()
+
+        #open the generated entries
+        action = {
+            'name': _('Generated Entries'),
+            'domain': [('id', 'in', created_ids.ids)],
+            'res_model': 'account.move',
+            'view_mode': 'tree,form',
+            'type': 'ir.actions.act_window',
+            'views': [(self.env.ref('account.view_move_tree').id, 'tree'), (False, 'form')],
+        }
+        if len(created_ids) == 1:
+            action.update({'view_mode': 'form', 'res_id': created_ids.id})
+        return action
diff --git a/addons/account/wizard/account_accrual_accounting_view.xml b/addons/account/wizard/account_accrual_accounting_view.xml
new file mode 100644
index 00000000000..62d3a7a377f
--- /dev/null
+++ b/addons/account/wizard/account_accrual_accounting_view.xml
@@ -0,0 +1,38 @@
+<?xml version="1.0" encoding="utf-8"?>
+<odoo>
+    <data>
+        <record id="account_accrual_accounting_wizard_form_view" model="ir.ui.view">
+            <field name="name">account.accrual.accounting.wizard.form</field>
+            <field name="model">account.accrual.accounting.wizard</field>
+            <field name="arch" type="xml">
+                <form>
+                    <field name="account_type" invisible="1"/>
+                    <field name="company_id" invisible="1"/>
+                    <group>
+                        <group>
+                            <field name="date" string="Recognize on"/>
+                            <field name="expense_accrual_account" string="Accrued Account" attrs="{'invisible': [('account_type', '!=', 'expense')], 'required': [('account_type', '=', 'expense')]}"/>
+                            <field name="revenue_accrual_account" string="Accrued Account" attrs="{'invisible': [('account_type', '!=', 'income')], 'required': [('account_type', '=', 'income')]}"/>
+                        </group>
+                        <group>
+                            <field name="percentage" string="Percent (%)"/>
+                            <field name="total_amount" string="Amount"/>
+                            <field name="journal_id" domain="[('type', '=', 'general')]"/>
+                        </group>
+                    </group>
+                    <footer>
+                        <button string="Create Journal Entry" name="amend_entries" type="object" class="oe_highlight"/>
+                        <button string="Cancel" class="btn btn-secondary" special="cancel"/>
+                    </footer>
+                </form>
+            </field>
+        </record>
+
+        <record id="account_accrual_accounting_wizard_action" model="ir.actions.act_window">
+            <field name="name">Change Period for the expense/revenue recognition</field>
+            <field name="res_model">account.accrual.accounting.wizard</field>
+            <field name="view_mode">form</field>
+            <field name="target">new</field>
+        </record>
+    </data>
+</odoo>