The difference between cash and accrual accounting is important to understand, whether you plan to handle your own financial statements, or hire an outside professional. The difference lies in the timing of when sales and purchases are recorded in your accounts. Read on to understand the implications of using each accounting method.
Cash vs. Accrual Accounting, Why Knowing Pays
Posted by benchaccounting under FinanceFrom https://bench.co 3634 days ago
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