Understanding the primary distinction between cash- and accrual-basis accounting is essential for maintaining accurate financial records. The core difference lies in timing — specifically, when your ...

Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small ...

Cash-basis accounting is a primary method that small businesses use to keep track of their income and expenses. Typically, if a small business has annual sales of less than $5 million, it may choose ...

Should small businesses use cash or accrual accounting? This question gets asked almost as much as “paper or plastic?” and “debit or credit?” While the IRS requires some companies to use accrual ...

Richard Loth has 40+ years of experience in banking, corporate financial consulting, and nonprofit development assistance programs. Natalya Yashina is a CPA, DASM with over 12 years of experience in ...