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Accrual Accounting vs Cash Accounting: What Is the Difference Between Accrual and Cash Accounting?

Snyder

As a small business owner, making sense of the accounting basics and bookkeeping terminology might be giving you a little bit of a headache. At the same time, being able to successfully maneuver the world of accounting is crucial to the success of your business. What is accrual-basis accounting? Contents: 1.

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What Type of Accountant Does Your eCommerce Business Need?

xendoo

Chances are that your accounting and bookkeeping needs are low on your list of priorities, but that can come back to bite you. Cash Basis Accounting. Cash basis accounting is the simpler of the two methods. In this method, you add an accounting entry every time money enters or leaves your bank account.

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