If your business starts out making under $5 million but eventually grows to exceed that mark (hooray!), you’ll have to switch accounting methods, which is, trust us, an absolute mess. Most notably, the accrual method paints a better long-term picture of business trends http://armor.kiev.ua/wiki/index.php?title=ISU-152 and growth than the cash method. Otherwise, it’s hard to accurately… Continue reading What is the accrual basis of accounting?