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Accrual vs. Cash Basis Accounting: What’s the Difference?

If you’ve ever accessed your financial statements from your bookkeeping software, you might have seen options for “cash basis” or “accrual basis” statements. Even if you don’t produce your own financial statements, chances are, you’ve heard the terms “cash basis accounting” and “accrual basis accounting.” You might have even noticed these terms on your business’s…

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