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How to switch from cash to accrual basis accounting

Business owners are many times confused about which accounting system to choose or what is the major difference between cash and accrual basis accounting. There are many reasons to be considered before deciding which accounting system or method to prefer or implement...

Accrual vs cash accounting for tax purposes

Accounting has two methods: Accrual vs cash accounting. Both have a different effect on taxes and business. Before learning more about accounting method, please consider following facts about choosing and implementing accounting method in your business:   It is...