Unless you have zero employees and are very small, chances are you will get the most benefit by keeping track of your books on an accrual basis. Why? Because accrual is about managing and improving performance, profit, and cash. Cash-basis accounting cannot help you do that.
Should You Keep Your Books on a Cash or Accrual-Basis?
Posted by CFOWISE under ManagementFrom http://cfowise.com 4696 days ago
Made Hot by: Small Business Manifesto on June 24, 2011 2:50 am
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