Deciding between cash basis accounting and accrual basis accounting can be a difficult decision when you're first starting your business.
Let's face it – each offers different viewpoints into your company’s financial wellbeing.
Many companies can choose which method they want to use depending on the needs of their business. The real difference between the two is the timing of when your company accounts for its expenses and revenue earned.
Here, GrowthForce president and CEO Stephen King discusses what each offers a business.
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