Cash basis accounting records when cash actually changes hands in a transaction, providing a real-time view of your financial position that reflects the actual cash flow of a business or individual.

There's no match of revenue against expenses in a fixed accounting period, so comparisons of previous periods aren't possible. The cash method is simple in that the business's books are kept based ...

Accounting method that records revenues and ... one of two basic accounting methods in their bookkeeping systems: cash basis or accrual basis. While most businesses use the accrual basis, the ...

U OF M EXTENSION SERVICE With tax season approaching, many farm managers have been asking what tax law changes might impact them as they meet with income tax professionals. Listed below is a quick ...