Latest / The (Not Boring) Boring Small Business Bookkeeping and Accounting Podcast
Accrual vs Cash-Based Accounting: S1E4
When does income actually count as income, and when does a business expense count as an expense? Our resident Bookkeeping Mensch, Paul Rosenblum, explains the difference between cash and accrual accounting and how each method changes when income and expenses appear in your books. He also uses real client examples to show why the distinction can become especially important around the end of the year.
In this episode:
Cash vs. Accrual Accounting for Small Businesses
How Cash-Based Accounting Works
How Accrual Accounting Works
When Business Income and Expenses Are Recorded
Invoices, Customer…
The skinny
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