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How to Choose: Cash Basis vs. Accrual Basis Accounting

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Manage episode 379588352 series 3503770
Content provided by Accountable Processes, Inc. DBA Accountable Numbers, Accountable Processes, and Inc. DBA Accountable Numbers. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Accountable Processes, Inc. DBA Accountable Numbers, Accountable Processes, and Inc. DBA Accountable Numbers or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Today we're exploring the choice between cash basis and accrual basis accounting. We’ll talk about the differences between the two methods, how you choose between the two, and what the legal requirements are for each method. This is a decision that can significantly impact your financial reporting and tax obligations, so it’s important to understand each method, to make sure you are making the best choice for your business.

YouTube: https://youtu.be/hdCJyxbFuBU

  continue reading

21 episodes

Artwork
iconShare
 
Manage episode 379588352 series 3503770
Content provided by Accountable Processes, Inc. DBA Accountable Numbers, Accountable Processes, and Inc. DBA Accountable Numbers. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Accountable Processes, Inc. DBA Accountable Numbers, Accountable Processes, and Inc. DBA Accountable Numbers or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Today we're exploring the choice between cash basis and accrual basis accounting. We’ll talk about the differences between the two methods, how you choose between the two, and what the legal requirements are for each method. This is a decision that can significantly impact your financial reporting and tax obligations, so it’s important to understand each method, to make sure you are making the best choice for your business.

YouTube: https://youtu.be/hdCJyxbFuBU

  continue reading

21 episodes

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