Cash vs Accrual Accounting – It’s All About Timing

Cash vs Accrual Accounting – It’s All About Timing

Sep 17, 2019 | Blog

What are the two methods? Understanding cash and accrual accounting comes down to timing. In a cash-based accounting system you recognise income and expenses when they happen, that is, when the money arrives into or leaves your bank. In an accrual-based accounting...