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1 year ago
Daniel
Cash vs Accrual Accounting Explained
In brief, the main difference is timing. The cash-basis accounting is the faster and easier method as it follows only cash, not the expected revenue, which is the area of accrual accounting. In the cash basis method, there is no need to account for customer sales made on credit until they pay. In the video below, Cash vs Accrual Accounting Explained With A Story!
