Скачать с ютуб Cash vs Accrual Accounting: Which is Best for Your Business? в хорошем качестве

Cash vs Accrual Accounting: Which is Best for Your Business?

Subscribe: https://bit.ly/2HJlq46 It's a concept that confuses most business owners and even some accountants and that's the difference between cash and accrual accounting! This is important in business because it determines how your revenue and profits are reported and ultimately the taxes you pay. In this video, I breakdown the single biggest difference between the 2 accounting methods. Outline: Intro: (0:00) Difference between cash and accrual accounting: (4:03) Cash accounting example: (4:12) Benefits of cash accounting: (4:55) Accrual accounting explanation: (5:37) Benefits of accrual accounting: (6:34) IRS & tax implications: (7:58) Recap: (9:42) Interested in talking with someone from our team? Sign up to get notified when we are accepting new clients here: https://lyfeaccounting.com/coming-soon/ /// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).