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Cash and Accrual are two ways that your organization can keep track of its finances. Most organizations function off of a cash basis, but there may be a situation where running your finances on an accrual basis would be beneficial. So, what’s the difference? Well, operating on a cash basis simply means that you record your income as you receive money and your expense as you pay money out. While operating on an accrual basis means you’ll record your income and your expenses based on when the event occurs rather than when you actually receive the money or paid the money. This webinar will facilitate the discussion as to which approach is right for the
business and the impacts of changing between the two. The expert speaker will help you understand the importance of these two presentation styles and allow you to move between them. Also, it will address an example of what to consider in accounting software related to Cash versus Accrual accounting. With the use of interactive exercises and easy to understand language, participants will learn the differences and benefits of each accounting method.
Key Learning Objectives- Cash based accounting
- Accrual based accounting
- What's the difference between cash and accrual accounting?
- What are the advantages and disadvantages of each method?
- How to choose between cash and accrual
- Changing accounting methods
- What will work best for your business
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 | Candace Leuck
Candace is owner of Athena Finance Group, Inc. specializing in strategic planning, distressed entity recovery, valuations, and educational programs. |
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