While every public company uses accrual basis accounting in its financial reporting, it’s not the only bookkeeping standard out there. Cash basis accounting also has practical applications in business ...

On Monday, Dec. 10, the Internal Revenue Service (IRS) announced a broad expansion of the cash method of accounting that puts an end to the sticky 'cash versus accrual' accounting question that has ...

Accounting solutions provider Puzzle launched its next-generation software for automating both cash and accrual accounting. The release represents the company's expansion to serving all small ...

F or many years, the IRS clashed over the cash method of accounting with small business taxpayers who provided services as the mainstay of their business but who were categorized as inventory ...

Government’s move from cash basis accounting to accrual accounting has lost momentum over the last few years and will be an ...

As a business owner or financial manager, keeping your company financially fit is a constant challenge. Effective accounting practices play a crucial role in achieving this goal, ensuring accurate ...

Throughout the COVID-19 pandemic, CPAs have played a pivotal role in prioritizing and executing financial transactions so small businesses could stay afloat and avoid getting caught off guard by their ...