Commissions do not affect our editors' opinions or evaluations. Cash-basis or accrual-basis accounting are the most common methods for keeping track of revenue and expenses. Yet, depending on your ...

The Alliance for Responsible Professional Licensing (ARPL ... The second set of rules follows the cash basis method of accounting. Instead of recording a transaction when it occurs, the cash ...

Accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged. The term "accrual" refers to any individual entry recording revenue or expense in ...

Small business managers should understand the difference between net income and cash flow, as well as how common transactions ... at the beginning of a certain accounting period and the amount ...

The collection of cash can affect different parts of the accounting equation, depending on the type of transaction. As Accounting Coach explains, the accounting equation offers a simple way to ...