View Full Version : Accounting Question
09-30-2006, 09:50 AM
How is your businesses set up if your a small company. My accountant set it up as a cash business, which pretty much means , money only registers when it is deposited, not billed. But there are really no tax advantages to this. Just wondering what everyone else uses. Thanks
09-30-2006, 05:30 PM
This is a good question, I am curious to see what everyone else is doing.
We are also "cash" the neat thing about quick books is you can find out how you stand on the accrual method with a click of the mouse. It always looks better by the accrual method, but cash seems to be more realistic. I think company size has something to do with it. We are doing about 500-K this year 400-K last year.
vBulletin® v3.8.6, Copyright ©2000-2014, Jelsoft Enterprises Ltd.