Cruel Accruals: Understanding Accrual Accounting
Cash basis accounting works for a lot of businesses, and it has a lot of benefits being simple, easy to understand, and a relatively "pure" way to evaluate the cash position of the business. But for some businesses it may make sense to switch to accrual accounting, where things start to get a bit complicated. Mark and Jesse set out to demystify accrual accounting and break it down into YNAB-equivalent terms. Mark Butler CFO https://markbutler.com You Need a Budget https://www.youneedabudget.com