A Simple Guide to Cash vs Accrual Accounting

📚 New! Get my 2nd Edition Accounting Cheat Sheet Bundle → https://accountingstuff.com/shop In this video, I break down the key differences between Cash Accounting and Accrual Accounting: ▪ Under Cash Accounting, revenue is recognized when cash is received and expenses are recorded when cash is paid out. ▪ Under Accrual Accounting, revenue is recognized as it's earned and expenses are recorded as they're incurred, regardlesss of when cash changes hands. By the end, you’ll understand how each method works, why businesses use them and which one might be right for you. 🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel ⏱️TIMESTAMPS 00:00 - Intro 00:21 - What is the Cash Method of Accounting? 04:40 - All-in-One Accounting Cheat Sheet Bundle 05:09 - What is the Accrual Method of Accounting? 09:42 - Outro 🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🔝 CLOUD ACCOUNTING SOFTWARE ▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z ▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa ▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada 🚶FOLLOW ME ON ▪ Instagram → https://www.instagram.com/accountingstuff ▪ TikTok → https://www.tiktok.com/@accounting_stuff ▪ Facebook → https://www.facebook.com/accountingstuff ________________________ DISCLAIMER Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you! ________________________ #accounting #accountingbasics #accountingstuff