Cash vs Accrual Accounting – It’s All About Timing

DLA Partners Luxury Property Services in Natai since 2005 Coins

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 system, income is recognised at the date the customer is invoiced and expenses […]