Bookkeeping Tips

Cash Basis vs. Accrual Basis Accounting

Cash basis and accrual basis are two different methods of accounting used to record and report financial transactions. Cash basis displays income when cash is received. Accrual basis displays income when it is earned.  What is cash basis accounting? Cash basis accounting is a straightforward method that recognizes transactions only when cash is received or […]

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Year-end wrap up

Year End Wrap Up

A year-end wrap up is a great time to look at what has worked well for your business, meanwhile noting any areas that could use improvement. As the close of the year approaches, and we begin looking ahead to the start of a new one, here are a few areas to add to your list

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