Lesson 2: Cash vs. Accruals Accounting and Getting Setup with Accounting Software

Lesson 2: Cash vs. Accruals Accounting and Getting Setup with Accounting Software

If you're just starting up your business, chances are your accounting system is a shoebox. Piles of receipts accumulate in your top drawer, waiting to be entered into a spreadsheet of some sort to file your taxes.

That’s ok for now, but you’ll need to think about setting up an accounting system as you grow.

In this module we cover the difference between cash and accruals accounting and offer recommendations on how to get setup with an accounting software.

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