Startup Accounting Guide: Everything You Need to Know in 2022
Accounting Seed
JULY 21, 2022
If you complete work for a customer in March but get paid in April, under accrual accounting you’d record the payment in March, but with cash accounting you’d record it in April. Most small businesses use cash accounting because it’s simpler. There’s no accounts receivable or accounts payable ledger—only money received or paid.
52 
Let's personalize your content