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You can model the data in such a way that the recorded transactions can be reported on in either accrual or cash basis.
by barking_biscuit 4y ago
You can model the data in such a way that the recorded transactions can be reported on in either accrual or cash basis.
- candiddevmike 4y agoNot sure what you mean, as far as I know the government requires businesses to pick one form and stick to it. Unless you're building accounting software you'd have no need to support both ways.
- EvanAnderson 4y agoIt’s common for US businesses to file taxes on cash basis but use accrual for managerial accounting.
- barking_biscuit 4y agoI build accounting software.