Cash vs Accrual Accounting: Difference Explained
Read on to learn more about each method, how they work and which is https://4minsk.by/modules.php?name=News&file=view&news_id=7 most suitable for your business. Cash-based accounting cannot be used by large enterprises and publicly traded companies as it is not GAAP compliant. Public companies need to accurately record transactions and report on their AR and AP accounts so as…