Home >  Term: accounting method
accounting method

A set of rules that determine how to report incomes and expenses in bookkeeping and on income tax returns. There are two basic methods – cash and accrual. Businesses that use the cash accounting method report incomes received during the fiscal year. Companies that use the accrual accounting method generally report incomes when they are earned, even though the appropriate payments are received at a later date.

0 0
  • ส่วนหนึ่งของคำพูด: noun
  • อุตสาหกรรม/ขอบเขต: Software
  • Category: ERP
  • Company: SAP

ผู้สร้าง

  • Kristen
  •  (Silver) 643 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.