Cash vs Accrual: What accounting method do you use?

Hey all! Wondering what accounting method you all use and why :slight_smile:

I’ve found some resources that seem to indicate accrual is best for “agencies”:

Thanks a ton! :slight_smile:

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I’m not an accountant, but at first blush this seems a recipe for complexity and tripping over yourself.

I like to keep it real by never imagining money exists until it is in the account and that anything can fall through at any point - invoices don’t get paid on time and terms are not enforceable. Conservative, yes, but cash flow is king. We obviously keep an eye on potential incoming money, but until it is there, we aren’t going to lean too much into spending it.