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Accrual Basis Accounting vs Cash Basis Accounting

Accrual Basis Accounting vs Cash Basis Accounting

by pennextsteps | Nov 16, 2021 | Accounting for the Performing Arts

What is Accrual Basis Accounting vs. Cash Based Accounting? Accrual Basis Accounting Accrual basis accounting refers to a major accounting method that recognizes revenues and expenses at the time a transaction occurs, regardless of when cash is exchanged. Accountants...
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Pentacle’s nextSteps is supported, in part, by public funds from the National Endowment for the Arts, the New York State Council on the Arts with the support of Governor Kathy Hochul and the New York State Legislature, and the New York City Department of Cultural Affairs in partnership with the City Council. Pentacle receives private support for nextSteps from the Howard Gilman Foundation, the New York Community Trust, The Hyde and Watson Foundation, The Jerome Robbins Foundation, and the Harkness Foundation for Dance.

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