Cash basis accounting records when cash actually changes hands in a transaction, providing a real-time view of your financial position that reflects the actual cash flow of a business or individual.

Managing your small business's finances isn’t just about crunching numbers—it’s about making data-driven decisions that keep your business healthy and positioned for growth. The right accounting ...

Should a small business use a cash or accrual accounting method? A CPA answers with examples. If you are an entrepreneur or small business owner, it is a good idea to familiarize yourself with both ...

The accounting cycle tracks a transaction until it’s added to your company’s financial statement. Follow this eight-step ...

Accounting is the structured way you record, organise, and review a company’s financial activities. It helps you track where money comes from, where it goes, and what it means for the business. Once ...

Accrual accounting is one of the primary accounting methods and is based on the matching principle, which dictates that revenues and their associated expenses be recorded in the same accounting period ...

Find out what to include in a cash flow statement, as well as its limitations and how cash flow is calculated.

While every public company uses accrual basis accounting in its financial reporting, it’s not the only bookkeeping standard out there. Cash basis accounting also has practical applications in business ...

Forbes contributors publish independent expert analyses and insights. I am the President of Diversified, a CFP and author. Managing finances in retirement is about more than just having enough savings ...