![]() One of the main advantages of accrual accounting is that it provides a more realistic view of your business income and expenses. Unlike the cash method, the accrual method of accounting requires you to record your revenues and expenses when they are earned, not when they are received or paid. Accrual accounting is also the method recommended by CPAs and other accounting professionals. The accrual method of accounting is more complex than its cash counterpart. Reporting needs are fewer, you do not need to manage your general ledger with numerous adjustments, and you’ll always have a good idea of what your cash totals are.
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