Cash basis accounting records when cash actually changes hands in a transaction, providing a real-time view of your financial position that reflects the actual cash flow of a business or individual.

The cash method may be appropriate for a small, cash-based business or a small service company. You should consult your accountant when deciding on an accounting method. More from Accounting ...

Quincy is reforming how departments manage cash after a former official, Elder Services Director Tom Clasby, was charged with embezzlement.

Discover the key differences between cash registers and POS systems. Compare features, costs, and benefits to choose the best ...

Elon Musk of the Department of Government Efficiency has sought to find $1 trillion or $2 trillion to cut from the federal ...

Inventory accounting assigns values to the goods in each production stage and classifies them as company assets because inventory can be sold—thus turning it into cash in the future. Assets need ...

This article was first published in the Department of Agricultural Economics’ “Cornhusker Economics” series on Feb. 5, 2025. Tim Meyer is an associate professor of practice in the Department of ...