Accrual vs Cash…Continued

by Robert Seth May 7, 2011

This article is a continuation of “Accrual to Cash…What’s the Difference?” If you want to read it first, click here. Now that you know the difference between the accrual and cash methods, let’s talk about the reason for the use of each. The cash method is certainly the most widely used in small business.  If […]

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Accrual vs Cash…What’s the Difference?

by Robert Seth May 6, 2011

The question of accrual vs. cash refers to the type of accounting method the business uses. It determines when income and expense are recognized (recorded) for tax or accounting purposes.  There are other accounting methods, but these two are by far the most widely used.  The cash method is the simplest. It gets its name […]

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