Accounting Question

Discussion in 'Business Operations' started by Gman2310, Sep 30, 2006.

  1. Gman2310

    Gman2310 LawnSite Senior Member
    from NJ
    Posts: 332

    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
     
  2. Az Gardener

    Az Gardener LawnSite Gold Member
    Posts: 3,899

    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.
     

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