Make an informed decision on your accounting method.

Fill out the form to the right to download the article on cash vs. accrual accounting.

What’s right for your business?

Learn the pros and cons of the cash and accrual accounting methods.

Many entrepreneurs struggle to find information to make an informed decision—including how it impacts business taxes.

Cash and accrual accounting aren’t created equal, but neither are businesses. In this article, you’ll learn the pros and cons of each accounting method, as well as the three ways to identify the method that makes sense for you.

Here’s what you'll learn:

  • The pros and cons of cash accounting
  • The pros and cons of accrual accounting
  • What is GAAP and how does it apply to your business needs
  • 3 ways to identify the method that makes sense for you

R&D Offer Quiz

Step 1 of 3

Answer to find out if you're eligible for R&D tax credits.

Do the activities performed relate to a new or improved business component’s function, performance, reliability, quality, or composition?(Required)
For Example: A mid-sized packaging company develops a slightly modified cardboard box design to improve its stacking strength (reliability) for warehouse storage, involving minor adjustments to the corrugation pattern to reduce collapse under standard weight loads.
Is your company trying to discover information to eliminate uncertainty concerning the capability or method for developing or improving a business component?(Required)
For Example: A furniture manufacturer investigates whether a cheaper wood adhesive can hold joints as effectively as the current one during assembly, testing bond strength to resolve doubts about its capability in standard production lines.
Do the activities performed constitute a process of experimentation?(Required)
For Example: An auto parts supplier runs a series of bench tests on different lubricant formulations to find one that reduces friction in engine bearings more effectively, systematically comparing wear rates over simulated operating cycles.