Cash basis accounting records when cash actually changes hands in a transaction, providing a real-time view of your financial position that reflects the actual cash flow of a business or individual.

Discover how modified accrual accounting merges accrual and cash basis methods, its key principles, and why it's preferred by government agencies for accurate financial reporting.

Cash- and accrual-based business accounting are two methods for tracking financial performance. Learn which is right for your business.

An investor using a cash account can’t borrow funds from their broker to pay for transactions. Learn about the rules that apply.

Small companies can choose from three different options to prepare their company's financial statements. One option is accrual basis accounting, which is based on generally accepted accounting ...

While every public company uses accrual basis accounting in its financial reporting, it’s not the only bookkeeping standard out there. Cash basis accounting also has practical applications in business ...

IMGCAP(1)]A number of groups testified or submitted statements recently at a hearing of the House Committee on Small Business Subcommittee on Economic Growth, Tax and Capital Access titled “Cash ...

Tracking cash expenditures for your small business is a must for obvious reasons. If you do not track cash and implement strict guidelines regarding its use, your business can hemorrhage mega profits ...

Accrual accounting is one of the primary accounting methods and is based on the matching principle, which dictates that revenues and their associated expenses be recorded in the same accounting period ...

Should small businesses use cash or accrual accounting? This question gets asked almost as much as “paper or plastic?” and “debit or credit?” While the IRS requires some companies to use accrual ...

You learn two things very quickly when you join a commercial real estate organization as an accountant. One, the glory belongs to the deal-makers. Two, nobody but another accountant cares about your ...