(alsocash accounting);(cash basis)ACCOUNTINGamethodofkeepingaccountsin whichamountsofmoneyarerecordedat theactualtimethey arespentorreceived:Businesses wouldexpectto have fewer cashflowproblemsif theyadoptcashbasisaccounting.Compareaccrual accounting(Definition ofcash basis accountingfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofcash basis accounting
cash basis accountingCashbasisaccounting, used by some small businesses, recognizes revenue when received and expenses when paid.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.This system is mainly bases on the modifiedcashbasisaccounting.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Two common accounting methods,cashbasisaccountingand accrual basis accounting, do not use the same process for measuring revenue.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.While it is more complex thancashbasisaccounting, it provides much more information about your business.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Cashbasisaccountingis a very simple form of accounting.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Conversely,cashbasisaccountingcalls for the recognition of an expense when the cash is paid, regardless of when the expense was actually incurred.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/cash-basis-accounting##
