"Just to be semantically accurate, If you use QB you use accrual accounting"
You can select in QBs whether you are on cash or accrual basis.
@JamesOng We use Cash Basis accounting for our books and taxes. I think its a lot more accurate, we only report what was paid to us or paid out in the current year. Also easier to keep track of things, just my opinion,
I don't think it really has anything to do with being strapped for money flow or not. Its just a different method to file.