What is ACCRUAL BASIS and why you should be on it now!

Why should companies keep their books on an accrual basis?

👉 Because accrual accounting is the language of business 👈

So the short answer is: companies should keep their financials on an accrual basis because it’s the language of business.

It’s difficult to communicate with investors, employees, and customers without using this language.

Accrual accounting eliminates the need for qualifying statements and caveats, making communication more efficient and eliminating the need to “translate” your finances into a language that others can understand.