For encore entrepreneurs starting a small business, cash accounting is simpler. But accrual accounting may serve your small business startup better. Here are some tradeoffs in choosing one over the other.
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The third part of a three-part series on determining whether an accrual accounting system or a cash accounting system is best for your business. This installment looks at the trade-offs in choosing one of these systems over the other and shows how inexpensive accounting software allows you to draw on the unique advantage of both systems to monitor the health of your business.
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