Cash or Accrual Accounting? Part 1

November 19, 2019 by OSYB Staff

As a business owner, you have two accounting methods to pick from, either cash basis accounting or accrual basis accounting. Intuit QuickBooks shares a quick summary of cash basis accounting that you should familiarize yourself with: Cash basis accounting: simpler of two methods and does not consider accounts payable or receivable applies payments only upon […]