cash
Cash vs Accrual – Which Accounting Method Works for You?
One of the main differences between the cash and accrual methods of accounting is when revenue and expenses are reported. In a cash method, revenue is recognized when money is actually received and an expense is posted on the date it is paid. This method is used often by service businesses because they do not typically carry substantial inventory. There are some businesses that cannot use a cash method. Some examples are:
* A corporation (other than S) with revenue exceeding $5 million
* A business that carries inventoryRead More >>
Money and garden mastery
Money mastery like garden mastery takes a commitment. Your financial garden takes planning, focus, resources, research and patience.Read More >>
I can't afford to pay my taxes - What do I do now?
It's nearly April 15th and you are panicked because you have completed your return only to find that you in fact owe taxes. The worst part is, you don't have the cash to pay them. Don't worry, you are in the same boat that many Americans are in every year.Read More >>
