Tag Archives: accrual accounting

Is Cash or Accrual Accounting Best for My Business Structure? by Shanna Shim, CPA

Posted on July 10, 2024 by Shanna Shim

Small and midsize businesses generally have two options for maintaining their financial books and records: the cash and accrual methods of accounting. While each approach offers businesses unique benefits at different stages of their life cycles, business owners must recognize when they should transition from one method of financial accounting to the other. The cash […]