How to Choose Between Cash and Accrual Accounting Methods
0:37
YouTubeBBS Accounting, Chartered Professional Accountant
How to Choose Between Cash and Accrual Accounting Methods
One of the fundamental decisions Ontario business owners must make is which accounting method to use: cash basis or accrual basis. This choice affects how you record income and expenses, prepare financial statements, and report taxes to the CRA. While it may seem like a technical accounting detail, your accounting method significantly impacts ...
17 hours ago
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