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Carboat

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Carboat

Re: corporalagarn post# 272060

Thursday, 09/08/2016 10:28:26 PM

Thursday, September 08, 2016 10:28:26 PM

Post# of 345952
Yes only the smallest of mom and pop operations account for their company on a cash basis - and they shouldn't. I suppose if you receive all of your income as cash (no receivables) and pay everyone in cash (no payables) it could make sense but who operates like that. Accrual accounting is the only way to budget, forecast and run a business.
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