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This lesson explains the difference between cash, accrual, and hybrid accounting methods and why understanding timing is the foundation of professional bookkeeping. How to recognize when income and expenses should be recorded, why cash accounting can sometimes mislead, when accrual becomes necessary, what hybrid accounting looks like in real client books, and the one habit that will make timing differences feel completely natural. __________________________________________________________ ABOUT AYRRE ACADEMY Welcome to Ayrre Academy! Where bookkeeping is made simple. We teach bookkeepers how to simplify their systems, understand their numbers, and run a profitable, sustainable business with confidence. No fluff, no jargon, just practical courses that help you run your bookkeeping business smarter, not harder. WORK WITH US Discover our 4-PHASE SYSTEM for people who want to launch and grow their bookkeeping business → https://systems.ayrre.ca/complete Explore our library of FREEBIES → https://www.ayrre.ca/freebies CONNECT WITH US Instagram → @ayrre_academy TikTok → @ayrre_academy Website → ayrre.ca Email → hello@ayrre.ca