ENGThe primary difference between these two accounting methods lies in the timing of transaction recording. In cash basis accounting, revenues and expenses are only recorded when cash is exchanged, whereas, in accrual basis accounting, revenues and expenses are recorded when they are earned or incurred. Cash accounting can make a business appear more solvent in […]
Category Archives: Bookkeeping
Because it’s such a new service, though, we don’t recommend using it if you have dozens of employees. Workful was only introduced five years ago, but it was developed by the same people who created TaxSlayer, so the company’s financial expertise goes way back. It has a mobile-first design, and both its apps and its […]