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What Is Cash Basis Accounting: Pros & Cons

Larger corporations must use the accrual method unless they meet the IRS’ Gross Receipts Test, with average gross receipts of $26 million or less over the past three tax years (indexed for inflation). The cash basis of accounting recognizes revenues when cash is received, and expenses when they are paid. Cash basis accounting tracks Best […]

Ecommerce Accounting 101 Bench Accounting

We also help configure all of your systems and implement processes for your business to follow to stay compliant. You’ll want to find a freelance bookkeeper who has experience working with ecommerce businesses like yours. All your accounting is based on business records like bank statements, credit card statements, and receipts. You already know that […]

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