What is the Difference Between Accrual & Cash Accounting?

What is the difference between accural and cash accounting?

The major difference between accrual and cash basis accounting the timing for recording the revenues and the expenses. When using the Cash Accounting Method, your revenues and expenses are immediately recognized. In contrast, accrual accounting focuses on anticipated revenue and expenses. Key Factors In Accrual Accounting the entries for revenue and expenses happen when they […]