There are generally two different ways to keep the books – cash and accrual basis. The accounting method you choose is important because it dictates when you show income and recognize expenses. So which one is best for you and your business? That's exactly what this course is all about!

In this session, we will discuss the key differences between cash and accrual accounting. We will talk about why the cash basis is normally easier but may be misleading. We will also discuss what you typically see on most business tax returns – and why your accounting method choice could make a big difference in your tax liability!

Who Should Attend:

Small business owners who want to better understand financial and accounting records, as well as bookkeepers who are just getting started.