Cash versus Accrual Accounting. The Difference Could Kill Your Business.

I sometimes receive questions on why Total Office Manager does not allow for cash basis financial reports (like we do for sales tax reports). Cash basis accounting is not GAAP compliant and has NO PLACE in business management. A cash basis is how a person manages their personal checking account, not a business enterprise. In […]

Cash versus Accrual Accounting. The Difference Could Kill Your Business. Read More »