Cash vs Accrual Accounting Methods Explained

In this video we’re going to take a look at two different methods of accounting: the cash method and the accrual method. You will find out: what the differences are between the two methods; what the advantages and disadvantages are of each method; and which one is best for your business.
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00:00 Cash vs Accrual Accounting Methods Explained
00:35 What is cash accounting?
00:40 Cash accounting advantages
01:27 Cash accounting disadvantages
01:59 What is accrual accounting?
02:19 Accrual accounting disadvantages
03:47 Accrual accounting advantages
05:26 Cash vs accrual small business accounting
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Please note that Bullseyemoney is not a financial or tax adviser. Our videos are here to inform you and the information provided does not constitute financial, taxation, legal, business or other professional advice and should not be relied upon as such. Bullseyemoney is not liable or responsible for any financial, tax, legal, business or other decisions you make. If you are looking for advice, you should seek a suitable and qualified adviser.

[@allumolujanardhan9203]

Good information in a simple way

[@user-bz6xr3kl5s]

Great explanation❤

[@TheBookkeepingChannel]

Glad you liked it

[@DiwankarSingh]

great tutorial. what software did you use for this video?