Cash basis accounting records when cash actually changes hands in a transaction, providing a real-time view of your financial position that reflects the actual cash flow of a business or individual.

If you are an entrepreneur or small business owner, it is a good idea to familiarize yourself with both the cash and accrual accounting methods. So, what’s the difference between cash and accrual ...

Find out what to include in a cash flow statement, as well as its limitations and how cash flow is calculated.

Accrual accounting is one of the primary accounting methods and is based on the matching principle, which dictates that revenues and their associated expenses be recorded in the same accounting period ...

Accounting is the structured way you record, organise, and review a company’s financial activities. It helps you track where money comes from, where it goes, and what it means for the business. Once ...

The accounting cycle tracks a transaction until it’s added to your company’s financial statement. Follow this eight-step ...

While every public company uses accrual basis accounting in its financial reporting, it’s not the only bookkeeping standard out there. Cash basis accounting also has practical applications in business ...

Accounting software gives businesses a straightforward, affordable way to automate bookkeeping and accounting tasks, avoid costly errors and save energy on time-consuming financial tracking processes.