Tag Archives: cash

NetSuite Cash vs. Accrual Reporting

This article addresses how to change the Accounting Basis reporting in your NetSuite bookkeeping software. According to NetSuite, this software, by default, provides financial reporting in an Accrual Basis method “to meet Generally Accepted Accounting Standards”. However, as is common in the business world, you may want to review financial events from a Cash-Basis perspective

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Accrual-Based Reporting vs. Cash-Based Reporting

Every business owner needs to understand accounting recognition methods and choose the one that will best fit their company structure.  In making this decision, you will answer WHAT you will be recognizing as earned revenues/sales and expenses.  This is an important decision, as your recognized numbers are the ones you report to outside agencies, such

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