Cash-method and accrual-method accounting, also known as cash-basis and accrual-basis accounting, are the two main accounting systems. They differ in the point at which a transaction is recognized and ...

Many businesses prefer to get a deposit for work they are going to do for a customer. This is a popular practice in construction or in any area in which a product must be crafted or in which an actual ...

Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies. Crea Taylor / ...