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Cash basis

The bookkeeping practice of recording Sales and expenses only when Cash is actually received or Paid out, as opposed to accrual basis. Generally cash Basis bookkeeping is simpler than accrual Basis bookkeeping, but makes securing Financing more difficult. also called Cash method of Accounting.

Related Terms: 18 Account, Accounting, Basis, Cash, Cash basis, Call, Expense, ECU, Financing, FIN, PPO, Paid, Record, Rally, Ring, Sales, SEC, SIMPLE
Other Related Pages: Category: Accounting Starting With: C
Semi Related Terms: 555 CLICK HERE TO VIEW
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