How to Choose: Cash vs Accrual Basis Accounting

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How do you decide between cash-basis and accrual-basis accounting methods, and what legal rules apply to each? This choice can greatly affect your financial reporting and tax responsibilities, so gaining a solid understanding of each method is important to ensure you’re making the right decision for your business.   Understanding Cash Basis Accounting Cash basis…

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How to Choose: Cash Basis vs. Accrual Basis Accounting

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Today we’re exploring the choice between cash basis and accrual basis accounting. We’ll talk about the differences between the two methods, how you choose between the two, and what the legal requirements are for each method. This is a decision that can significantly impact your financial reporting and tax obligations, so it’s important to understand…

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Small Business Accounting 101

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Starting and running a small business can be an exciting journey, but it also comes with its fair share of challenges, especially when it comes to managing finances. Small business owners often wear many hats, and one of the most crucial roles they play is that of an accountant. Understanding the basics of small business…

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Three Powerful Strategies to Accelerate the Travel Expense Approval and Reimbursement Process

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Not long ago, managing travel expenses was a tedious and manual ordeal. Paper forms, stacks of receipt photocopies, and a labyrinth of multi-step approvals were the established routine. Employees grappled with filling out forms, attaching receipts, and navigating a long approval process that often led to delays. Meanwhile, finance teams found themselves overburdened with paperwork,…

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