If I am a year or more behind with recording my business bookkeeping, which method of accounting should I use to get caught up?
In about 80% of all cases you will more than likely use the cash basis method of accounting to get caught up. You would only use the accrual method in this situation if it was imperative to know the ending balance, each month, of accounts receivable and accounts payable. Most small to medium sized businesses […]
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