Most businesses handle their accounting on an accrual basis. What is accrual basis accounting? It’s the practice of recording transactions at the point of origination, even if no money changes hands ...

Accrual basis accounting is a method used by businesses of all sizes in accordance with generally accepted accounting principles (GAAP). Vendor accruals used under this method are recorded once a ...

Relatively early in a law firm's existence, a decision is required concerning whether to report financial activities to the Internal Revenue Service on a "cash" or "accrual" accounting basis.

While every public company uses accrual basis accounting in its financial reporting, it’s not the only bookkeeping standard out there. Cash basis accounting also has practical applications in business ...

Private business owners need to understand the difference between cash and accrual accounting methods to accurately interpret their company's financial health. LONG ...

Nearly two-thirds of governments worldwide are expected to report on an accrual basis within the next five years, even though only about one-quarter of them do now, according to a new report from the ...