Accrual accounting is one of the primary accounting methods and is based on the matching principle, which dictates that revenues and their associated expenses be recorded in the same accounting period ...

Learn when and how revenue is recognized in accrual accounting, even without cash receipt, following GAAP. Discover the ...

View post: Amazon is selling a $400 short-throw projector for $190, and it's a show-stopping gift If you are an entrepreneur or small business owner, it is a good idea to familiarize yourself with ...

Editor’s Note: Under the 2017 tax reform legislation, if the taxpayer uses the accrual method of accounting, the “all events test” with respect to any item of income is not treated as met any later ...

Private business owners need to understand the difference between cash and accrual accounting methods to accurately interpret their company's financial health. LONG ...

An accrual rate is the interest percentage added to the principal of a financial product between payments. Learn how it applies to bonds, mortgages, and vacation time.

The IRS allows you to calculate your tax bill using one of two tax accounting methods. The more common of the two methods for individual taxpayers is the cash method. However, most businesses prepare ...

Businesses can choose between two accounting methods: cash and accrual. While sole proprietorships or small mom-and-pop businesses may choose the easier cash accounting method, larger companies use ...