Cash vs Accrual Accounting

Hello business owners!

Every business owner should be know the two main accounting methods (cash and accrual) in order to have an effective financial reporting. What's the difference between the two? Which method is the best for my business? Can I change from cash to accrual method? These are the few questions business owners encounter when they a start their business. It is recommended to consult a CPA or tax professional to know which method is best for your business.

An article written by Carrie Smith discussed the difference between cash and accrual method. This article might enlighten business owners which method is best for their business.

click on the image to read the article :)