A surprising number of small businesses still operate on a cash-only basis. Although cash-only businesses ... cash register and see her "cash only" sign, they sigh, put their items back and ...

Discover why GAAP requires the accrual basis for accounting rather than the cash basis, and learn why it is important for stakeholders.

The cash flow statement should be prepared on a monthly basis during the first year, on a quarterly basis for the second year, and annually for the third year. The following 17 items are listed in ...