Comments on: Accrual Accounting for Non Accountants http://www.businesspundit.com/accrual-accounting-for-non-accountants/ Entrepreneurship, Startup Companies and Business Philosophy Fri, 20 Nov 2009 20:31:15 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: scopy http://www.businesspundit.com/accrual-accounting-for-non-accountants/comment-page-1/#comment-14854 scopy Tue, 02 Jun 2009 16:57:02 +0000 http://www.businesspundit.com/?p=9583#comment-14854 I agree with your sentiments but most people will have to have both pictures in their head if they are in business. One is cash flow and the other is profitability. Without both you may sadly get caught out one way or the other if your not carful. I agree with your sentiments but most people will have to have both pictures in their head if they are in business.

One is cash flow and the other is profitability.

Without both you may sadly get caught out one way or the other if your not carful.

]]> By: Lela Davidson http://www.businesspundit.com/accrual-accounting-for-non-accountants/comment-page-1/#comment-14852 Lela Davidson Tue, 02 Jun 2009 15:30:12 +0000 http://www.businesspundit.com/?p=9583#comment-14852 Accrual accounting can present a more accurate financial picture, but sometimes people find it difficult to keep up with - especially when starting up a small business. Accrual accounting can present a more accurate financial picture, but sometimes people find it difficult to keep up with – especially when starting up a small business.

]]> By: scopy http://www.businesspundit.com/accrual-accounting-for-non-accountants/comment-page-1/#comment-14847 scopy Tue, 02 Jun 2009 13:46:00 +0000 http://www.businesspundit.com/?p=9583#comment-14847 Simply speaking accrued accounting is accounting when a cost is incurred rather than when the payment was made or invoiced. It is a more realistic view and unless you are a cash business i.e. a window cleaner you will have to change to this method at some stage especially if you plan to grow. Simply speaking accrued accounting is accounting when a cost is incurred rather than when the payment was made or invoiced.

It is a more realistic view and unless you are a cash business i.e. a window cleaner you will have to change to this method at some stage especially if you plan to grow.

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