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Modified Cash-basis Accounting: How Does it Differ From Other Accounting Methods?

As a small business owner, you need to track your income and expenses. And to organize your business finances, you must select an accounting method. One method you can choose is modified cash-basis accounting. Learn the ins and outs of the modified method, how it differs from other accounting methods, and its advantages.

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The Matching Principle in Accounting: How a Debit and Credit Fall in Love

If you’ve ever sent an invoice to someone who planned to pay later, you’re probably using accrual accounting. It can be hard to keep track of finances when you’ve accrued payables and liabilities. But, using the matching principle can help you stay organized. The matching principle in accounting states that you must report expenses in […]

Read More The Matching Principle in Accounting: How a Debit and Credit Fall in Love
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