If 2021 has taught us anything, it is that being prepared for the unexpected (such as a pandemic) and planning ahead financially is the only sure way to save time and energy when it comes to your bookkeeping.
If 2021 has taught us anything, it is that being prepared for the unexpected (such as a pandemic) and planning ahead financially is the only sure way to save time and energy when it comes to your bookkeeping.
Cash basis accounting is an accounting method commonly used by many small businesses that recognizes revenues and expenses only when cash is exchanged.
Accrual basis accounting is the most accurate way for businesses to track income and expenses.