Monthly Archives : October 2017

Cash Accounting vs. Accrual Accounting

On October 8, 2017, Posted by , In Bookkeeping, By ,,, , With Comments Off on Cash Accounting vs. Accrual Accounting

Even if you don’t handle your own financial reporting, it is vital for you to know the difference between cash and accrual accounting. The variance lies in the timing of when sales and purchases are recorded, but the method you choose can significantly impact your taxes. Cash Method When using…