Cash vs. Accrual Accounting- What's the Difference?! | 3 Minute Breakdown

Cash vs. accrual counting- which one should you use?

Accounting documents are confusing. And let's be real, running a business is hard enough - you shouldn't have to have an accounting degree to read them.

To make it even more confusing, you can read them in a cash or accrual basis. In this video, I'm explaining the difference between cash and accrual accounting so you can get financial clarity from your financial documents.

IN THIS VIDEO
====================================
0:00- Intro
0:21- What is cash and accrual based accounting?
0:43- The differences
1:29- When to use them
2:01- Which one is best?
2:27- Action steps


#smallbusiness #accounting #moneymanagement

=============

Take our free quiz to know exactly how much you should be making in your business: https://quiz.craigdacy.com

Ready to kick the check to check cycle? Book a free consultation: https://www.craigdacy.com/contact