October 10, 2023 5 min read Definitions
💰 Cold, Hard Cash: Unveiling the Cash Basis of Accounting
Penny Counts Accounting Basics Financial Accounting Cash Accounting Simple Accounting Profit and Loss Financial Reports
Jump into the fascinating world of cash basis accounting, where payments and receipts reign supreme. Discover why some adore its simplicity and others shake their heads in bewilderment.
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October 5, 2023 6 min read Definitions
🤑 Receipts and Payments Basis: Show Me the Money Accounting! 💸
Professor Penny Pincher Accounting 101 Fundamentals Humor in Accounting Cash Accounting Basics Humor
An uproarious dive into the world of accounting's rockstar - the Receipts and Payments Basis, a.k.a Cash Basis of Accounting. Discover how this straightforward method keeps track of money like nobody's business.
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September 30, 2023 5 min read Definitions
🤯 The Wonderous World of Accrual Accounting: Why You’re Already Doing It!
Tick Tock, the Accounting Clock Accounting Fundamentals Financial Statements Accounting Accruals Cash Accounting Profit and Loss Account Balance Sheet
Dive deep into the mystical land of accrual accounting. Understand how it differs from cash accounting, why it's essential for your financial statements, and discover the wonders of recognizing revenue and expenses as they happen (even if cash isn't moving yet!).
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