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Daily Archives: July 23, 2013

Cash vs Accrual: Which one should you use?

Financial ManagementBy Sherrell T MartinJuly 23, 2013Leave a comment

There are two basic forms of accounting that should be used to track your revenues and expenses – cash basis and accrual basis.  Cash basis means that you recognize the income when you receive it and you recognize expenses when you actually pay them.  Accrual basis means that you recognize income when you have the…

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