When you’re working in accounting, there are two basic methods. You have your cash basis and accrual basis. Whichever methods you choose will depends on your type of business.
Cash basis is the simpler method. It is mainly use by service businesses that do not maintain inventory or startup businesses that do not offer credit. The [...]
Tags: Accounting, Business, businesses, cash
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It seems that right now, in this moment in time, all of America is anxious. We are anxious about our jobs, we worry about our bills, and we always have money on the mind. This is a given. With the devastating effects of the recession still circulating, the ways in which consumers are changing are [...]
Tags: cash, consumers, credit, economy
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