We offer comprehensive bookkeeping services to keep your financial records organized
We help nonprofits amplify their community impact by streamlining financial tasks
We will work with you to ensure that your financial statements are in compliance
Understanding the difference between cash and accrual accounting is essential for small business and nonprofit owners. Cash accounting tracks money when it moves, while accrual accounting records income and expenses when they’re earned or incurred, offering a clearer financial picture. This blog breaks down both methods, highlights their pros and cons, explains IRS rules and GAAP standards, and helps you decide which is right for your organization. Whether you’re just starting out or planning to scale, choosing the right method can impact everything from taxes to long-term growth.
