Comments on: Cash and Accrual Basis Accounting Explained http://www.everyjoe.com/articles/cash-and-accrual-basis-accounting-explained-362/ Sports News - Tech Reviews - Entertainment - Life Tips for EveryJoe Tue, 22 Dec 2009 19:49:10 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Lela http://www.everyjoe.com/articles/cash-and-accrual-basis-accounting-explained-362/comment-page-1/#comment-338392 Lela Thu, 15 Jan 2009 03:27:11 +0000 http://www.accountingsolver.com/?p=1099#comment-338392 Hi Ken, Thanks for stopping by. I think you have a great piont. Performance is important. As long as small businesses are keeping an eye on cash, accrual accounting does give an accurate picture. But if I had to prioritize, I would definitely want to know where my next cash was coming from vs. how profitable I was, especially at the outset of a new business. I'd love to know why your opinion is so strong! Surely you've got a story... Hi Ken,
Thanks for stopping by. I think you have a great piont. Performance is important. As long as small businesses are keeping an eye on cash, accrual accounting does give an accurate picture. But if I had to prioritize, I would definitely want to know where my next cash was coming from vs. how profitable I was, especially at the outset of a new business.

I’d love to know why your opinion is so strong! Surely you’ve got a story…

]]> By: Ken Kaufman http://www.everyjoe.com/articles/cash-and-accrual-basis-accounting-explained-362/comment-page-1/#comment-338393 Ken Kaufman Thu, 15 Jan 2009 02:43:06 +0000 http://www.accountingsolver.com/?p=1099#comment-338393 I am strongly opinionated on this - while it may make sense for many businesses to file their tax return on a cash basis, almost every company needs to see accrual based financial statements every month in their business. This is the only way to measure true firm performance! I am strongly opinionated on this – while it may make sense for many businesses to file their tax return on a cash basis, almost every company needs to see accrual based financial statements every month in their business. This is the only way to measure true firm performance!

]]>