ACCOUNTING 101 - Cash vs. Accrual Basis

Welcome back to my ACCOUNTING 101 series of courses! Whether you are a business owner who wants to better understand accounting and finance or a new accounting student, these courses will help develop your fundamental understanding of basic accounting.

In this course I discuss the two common bases of accounting. This includes the cash basis of accounting and the accrual basis of accounting. For reference, a basis of accounting represents the manner in which you recognize activity in your general ledger.