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ProAdvisor

Re: Does Your Business Use Cash or Accrual Method Accounting?

My business is cash basis as well.  Many of the businesses I work with are the same.  They are mostly small businesses.  The CPA actually recommended this to me way back when I started the business.

 

I think accrual basis gives you a true picture, real time of how you are doing, but I agree with @jessbru99568 above, I would rather not pay taxes on money not received yet.