{"id":1040,"date":"2022-10-11T20:56:20","date_gmt":"2022-10-11T20:56:20","guid":{"rendered":"https:\/\/0c8fb60.netsolhost.com\/en\/?page_id=1040"},"modified":"2022-11-18T02:53:20","modified_gmt":"2022-11-18T02:53:20","slug":"accounting-topics","status":"publish","type":"page","link":"https:\/\/www.usataxhelp.com\/en\/taxtopics\/accounting-topics\/","title":{"rendered":"Cash vs. Accrual Basis"},"content":{"rendered":"\n

In the Simpliest Terms\u2026\u2026.<\/p>\n\n\n\n

CASH BASIS REVENUE means you declare it when you RECEIVE the money.<\/p>\n\n\n\n

ACCRUAL BASIS REVENUE means you declare it when you EARN the money (usually that is when the invoice is generated whether you receive a portion of the money or none at all at the time the invoice is generated).<\/p>\n\n\n\n

CASH BASIS EXPENSE means you expense it when you PAY it.<\/p>\n\n\n\n

ACCRUAL BASIS EXPENSE means you expense it when you OWE it, regardless of when you pay for it.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the Simpliest Terms\u2026\u2026. CASH BASIS REVENUE means you declare it when you RECEIVE the money. ACCRUAL BASIS REVENUE means you declare it when you EARN the money (usually that is when the invoice is generated whether you receive a portion of the money or none at all at the time the invoice is generated). […]<\/p>\n

Read More… from Cash vs. Accrual Basis<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":47,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/fullwidthpage.php","meta":{"footnotes":""},"class_list":["post-1040","page","type-page","status-publish","hentry"],"yoast_head":"\nCash vs. Accrual Basis - USA Tax Help<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.usataxhelp.com\/en\/taxtopics\/accounting-topics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cash vs. Accrual Basis - USA Tax Help\" \/>\n<meta property=\"og:description\" content=\"In the Simpliest Terms\u2026\u2026. CASH BASIS REVENUE means you declare it when you RECEIVE the money. 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ACCRUAL BASIS REVENUE means you declare it when you EARN the money (usually that is when the invoice is generated whether you receive a portion of the money or none at all at the time the invoice is generated).…","_links":{"self":[{"href":"https:\/\/www.usataxhelp.com\/en\/wp-json\/wp\/v2\/pages\/1040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.usataxhelp.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.usataxhelp.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.usataxhelp.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.usataxhelp.com\/en\/wp-json\/wp\/v2\/comments?post=1040"}],"version-history":[{"count":1,"href":"https:\/\/www.usataxhelp.com\/en\/wp-json\/wp\/v2\/pages\/1040\/revisions"}],"predecessor-version":[{"id":1041,"href":"https:\/\/www.usataxhelp.com\/en\/wp-json\/wp\/v2\/pages\/1040\/revisions\/1041"}],"up":[{"embeddable":true,"href":"https:\/\/www.usataxhelp.com\/en\/wp-json\/wp\/v2\/pages\/47"}],"wp:attachment":[{"href":"https:\/\/www.usataxhelp.com\/en\/wp-json\/wp\/v2\/media?parent=1040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}