Month: April 2020

So, I know if you’re also going to get ready to sell your business, accrual is a great way to show a potential interested buyer that there’s a long-term strategy for future income coming in. Cash accounting tends to be a bit of a pendulum because you’re waiting for that money to come in. So, it becomes very important to have your revenue on point and follow up methods to get all the revenue you can before the month’s end. When doing the bookkeeping, you’ll generally follow the following four steps to make sure that the books are up to date and accurate. Remember that each transaction is assigned to a specific account that is later posted to the general […]