Cash basis accounting records when cash actually changes hands in a transaction, providing a real-time view of your financial ...

The cash method may be appropriate for a small, cash-based business or a small service company. You should consult your accountant when deciding on an accounting method. More from Accounting ...

A common practice is to record the revenue when we receive payment (cash) from the customer. This is referred to as the cash basis of accounting. However, the university uses the accrual basis of ...