Different Types of Accounting Methods (And How to Choose the Right One for Your Business)
Analytix Finance & Accounting
MAY 7, 2025
Your accounting method provides the financial reality that informs these decisions. But if you make them based on misleading numbers, you’re essentially gambling with your business. For instance, if your business has inventory or exceeds $26 million in average annual gross receipts, you generally must use accrual accounting.
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