Tag: bookkeeping app

  • Accrual Accounting vs. Cash Basis Accounting: What is the Difference? (Infographics)

    Accounting calculates the net present value of all financial transactions to assess a firm’s financial performance. All bookkeeping systems follow accepted accounting principles. It includes financial information and uses to recognize, measure, report, control material, financial, or operational conditions. It offers information on the firm’s prospects as well as its financial status. Accounting is the […]