Accrual basis accounting vs. cash basis accounting 4 Articles

by Petriesan

Cash vs. Accrual. In the simplest of terms, cash accounting is check-book accounting, an entry is made only when something has an effect on the cash balance: the collection of a receivable, the payment of an invoice, ...read more

by Leigh Goessl

Accrual and cash basis accounting are two kinds of approaches to maintaining and recording financial transactions. Companies will choose one method to use as their approach to maintaining accounting records. The larges...read more

by Joe Coffee

There are 2 types of tax accounting methods to use when submitting business figures to the Internal Revenue Service. These 2 methods are the cash and accrual methods. Choosing which method you use is determined by the co...read more

by Andrew Spriggs

Generally accepted accounting principles set the stage with this basic guideline: revenues should be measured when 1) earned and 2) realized or realizable. This guideline raises obvious questions: when do we determine when...read more