Cash vs. Accrual Accounting: Why Your Checkbook Isn't Enough

Cathedral acknowledges that accounting is typically not what keeps small business owners awake at night. Yet, the appropriate accounting method can make managing day-to-day operations easier and give back a few of those lost hours of sleep.

This paper provides an examination of the cash and accrual methods of managing business financials along the tax implications and legal requirements for each.

Click here to read this Topic of the Month.

Click here to register for this month's Topic of the Month webinar when Cathedral's CEO and Managing Director Philip Clements welcomes seasoned small-business accountants to discuss how small business owners can better understand and manage cash flow.