Category: Bookkeeping

  • Cash-Basis vs Accrual Accounting Definition, Pros and Cons

    Content How does cash basis accounting work for business? Who uses cash basis accounting in business? Example of Cash Basis Accounting Disadvantages of Accrual Accounting What Is Cash Basis Accounting? CASH VERSUS ACCRUAL BASIS ACCOUNTING Businesses that use accrual accounting recognize income as soon as they raise an invoice for a customer. And when a […]