cash basis Definition

cash basis

Definition

The bookkeeping practice of recording sales and expenses only when cash is actually received or paid out, as opposed to accrual basis. Generally cash basis bookkeeping is simpler than accrual basis bookkeeping, but makes securing financing more difficult. also called cash method of accounting.

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cash basis is ...
... part of the Accounting subject.

Related Terms

modified cash basis - More

accrual basis accounting - More

revenue - More

current cash debt coverage ratio

cash basis appears in the definitions of these other terms on BusinessDictionary.com

basis of accounting, accounting change, adjusted net income approach, cash accounting, cash equivalent doctrine, and

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