Accrual Accounting vs Cash Accounting: What Is the Difference Between Accrual and Cash Accounting?
Snyder
MARCH 23, 2023
Accrual basis accounting recognizes business revenue and matching expenses when they are generated —not when money actually changes hands. This means companies record revenue when it is earned, not when the company collects the money. Cash flow and accounting software This is the opposite of accrual accounting.
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