Established 2007

  New York Low Voltage 
   Contractors Association, Inc. 

Cash vs. Accrual Method of Accounting

Monday, January 02, 2012 7:56 PM | Gary J. Schwartz, CPA
All businesses must choose one type of accounting method to keep track of their financial transactions. The two main types of methods are Cash and Accrual. Depending upon the type of business you have may also dictate the type of method you must choose to use. For example, if your business has inventory, the IRS requires that you use the accrual method of accounting. The other deciding factors include type and billing method which will also have a determination on your accounting policy. NYLVCA members read more

This page was last updated on 11/21/2012. And so far HTML Counter have view this page.

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