Cash vs. Accrual Accounting Explained | Which Method Is Right for Your Business? скачать в хорошем качестве

Cash vs. Accrual Accounting Explained | Which Method Is Right for Your Business?

Wondering about the difference between cash and accrual accounting methods? In this video, Dr. Jessica Woolworth, CPA and accounting professor, breaks down how each method works, with simple examples to help you see the impact on your business taxes and financial reporting. 📌 What you'll learn in this video: What the cash method is and when it makes sense How the accrual method works and why larger businesses often use it Real-life examples showing how income and expenses are recognized under each method IRS rules on when you can choose between cash and accrual This video is perfect for small business owners, freelancers, entrepreneurs, or students learning accounting basics. --- 💬 Got a tax topic you're curious about? Drop it in the comments — I might cover it in a future video! 👍 If you found this helpful, don’t forget to like, share, and subscribe for more tax and accounting insights. 📌 Reminder: This video is for informational and educational purposes only. Always consult a qualified tax professional for advice specific to your situation.