Advanced accounting software platforms can reconcile between the two methods. As you enter transactions, you can then pull cash-basis or accrual-basis financial reports depending on your needs.

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New ...

Evaluate small business accounting services to find the right solution for tracking money, analyzing profitability, and organizing financial transactions for tax time. The best accounting software ...

An introduction to financial accounting within the context of business transactions and business decisions. This course is a broad introduction to using accounting information from the user's ...