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

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 of review items. Marketing Plan ~ To ensure your marketing dollars are being well spent and giving you the highest ROI possible, take a review of …

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