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 […]

  • How To Keep Track Of Business Expenses 2023 Guide

    Content Scan and Manage Receipts and Invoices ‍Help you stick to your budget Give employees a corporate card Determine profitability How To Track Business Expenses in 5 Steps Businesses may also have office expenses, a more general category of products and services a business uses to keep its office running. Office expenses might include cleaning […]