accrual accounting financial statements Legal principles of accounting 
inDinero Accounting
JANUARY 9, 2023
Because of this, there are deferred revenue components that you have to include in your financial reports to boost your profile with investors or banks. This requires accrual accounting rather than the simple cash-basis. Accounts Receivable/Payable – AR and AP are crucial to accrual accounting.
inDinero Accounting
JANUARY 9, 2023
If your startup is relying on the person who’s best at numbers for your accounting, you can be setting yourself up for failure like: Misinterpreting cash flows. Getting into legal troubles. This requires accrual accounting rather than the simple cash-basis. Cash vs. Accrual Accounting. Credit: Jason Goodman.
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