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SOP Video: Cash vs. Accrual Accounting

mspradar on Small Biz Thoughts by Karl Palachuk - My latest video is posted on the Small Biz Thoughts YouTube Channel.The topic is Cash vs. Accrual accounting.Basically, you have to choose one of these accounting methods . . . at least until your company gets large. There are specific thresholds at which you are required operate on an Accrual method.For small businesses, you still have choices. Personally, I have always used the Accrual method of accounting my businesses. Here I explain why I do that and how it helps me keep revenue and cost of goods sold lines up in my accounting system.Feedback welcome, as always.:-)Feed:

All material Copyright (c) 2006-2016 Karl W. Palachuk unless otherwise noted.

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