Cash vs. Accrual Accounting: Which Method is Right for Your Small Business?
As a small business owner, you’re likely wearing many hats, and one of those might be the “bookkeeper” hat. Even if you outsource your bookkeeping, it’s important to understand the fundamental accounting methods that can impact your business’s financial picture: cash and accrual accounting. So, what’s the difference? Let’s break it down: Cash Accounting: Keeping […]
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