This is Cpataxpro's TypePad Profile.
Join TypePad and start following Cpataxpro's activity
Cpataxpro
Recent Activity
Accrual basis accounting better matches the timing of income and expenses items. It is more useful from a management and control perspective in cash flow and budgeting within a small business. Cash basis accounting lacks the ability to "smooth" operating activities and budgeting fluctuations. My thoughts.
Accountants: Your opinion on the cash vs. accrual question for small businesses?
Since I don't do taxes (other than my own), I find the annual debate about keeping the books on a cash vs. accrual basis quite interesting. My understanding of these methods is pretty simple: For the ongoing financial management of the business, the accrual basis is the way to go For tax report...
Cpataxpro is now following The Typepad Team
Jan 12, 2012
Subscribe to Cpataxpro’s Recent Activity