Lesson60 seconds
What is Cash Accounting?
Recording money only when cash actually comes in or goes out.
Step 1 of 9
Simple Definition
Cash accounting recognizes income when cash is received and expenses when cash is paid - simple timing based on the bank account.
Explanation level
Tap a persona to hear the same idea in a totally different voice.
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.
Notebook
Your notes
Notes save automatically on this device
Knowledge graph
Done Here Next