Accrual vs Cash Accounting – Which to Use?

By |2021-12-17T15:03:05-06:00September 2nd, 2021|Better Guidance|

Setting up a business and deciding which method of accounting has a considerable impact on how your financials look. The critical difference between these two methods is timing. With the cash method, you would recognize revenues and expenses when cash exchanges hands With the accrual method, revenue is recognized when earned, and expenses are recognized when [...]