Should You Switch Your Small Business To Accrual Accounting?

When most entrepreneurs start their new venture, they naturally use what's called cash basis accounting. This is the simplest way to keep track of your income and expenses. But at some point, as the business grows, most business owners switch to a method known as accrual basis accounting. What does this change mean? And why might your small business benefit from it? Here's what you need to know. How Is Accrual Different From Cash? [Read More]