Accrual Accounting vs Cash Basis Accounting: Whats the Difference?
Under cash accounting, income and expenses are recorded when cash is received and paid. In contrast, http://volumepillsreview.co.uk/CableVsSatelliteTv/tv-service-without-cable-or-satellite does not directly consider when cash is received or paid. Accruals impact a company’s bottom line even though cash has not yet changed hands. Compare top picks for business accounting software The timing of when revenues and expenses…