Yakezie.com - Topic: Cash vs. Accrual Accounting

FamilyMoneyValues on Cash vs. Accrual Accounting

Sat, 15 Dec 2012 10:51:18 +0000

Ditto - cash. In fact my accountant suggested it.

JT_McGee on Cash vs. Accrual Accounting

Fri, 07 Dec 2012 11:22:10 +0000

Eric - NarrowBridge.net said:

Another late vote for cash. Accrual accounting does not make sense unless you are making a ton of money and shifting the revenue would make a big impact on your taxes.

This exactly. Unless you're making a lot and occasionally on the cusp of a new marginal bracket, then cash works best for a business w/o inventory. Interesting to see everyone on the same system.

Eric - PersonalProfitability.com on Cash vs. Accrual Accounting

Wed, 05 Dec 2012 14:47:00 +0000

Another late vote for cash. Accrual accounting does not make sense unless you are making a ton of money and shifting the revenue would make a big impact on your taxes.

Money Reasons on Cash vs. Accrual Accounting

Tue, 04 Dec 2012 21:05:49 +0000

I choose Cash. Accrual Account is best if you have an inventory that you sell (that's from my wife who's an Accountant).

Ironically, I just wrote an article a few days about called: Using Paypal As A Simplified Bookkeeping System, where I'm using a paypal as cash system (via my paypal account and paypal credit card) and automating it as much as possible, then exporting the data to a spreadsheet for my earnings calculations.

This That And The MBA on Cash vs. Accrual Accounting

Tue, 04 Dec 2012 11:25:10 +0000

I do cash. I am no where near enough volume or dollars to make it substantial to shift to accrual. and cash is easier to track...

Club Thrifty on Cash vs. Accrual Accounting

Tue, 04 Dec 2012 09:58:56 +0000

Sweet. Thanks everybody. I was leaning toward cash. I would think that with affiliate thresholds accrual would be a pain. Besides most things are done on a cash basis anyway.

Thanks a lot for the input!!!

PK @ DQYDJ on Cash vs. Accrual Accounting

Tue, 04 Dec 2012 08:22:44 +0000

Cash here as well... I don't see a huge benefit to accruals at the revenues most of us are expecting/thinking about. Plus, I'll defer to Lena!

Khaleef @ KNS Financial on Cash vs. Accrual Accounting

Tue, 04 Dec 2012 08:16:36 +0000

I use the cash method as well. Accrual is a pain and it doesn't really provide a benefit for my business.

FrugalRules on Cash vs. Accrual Accounting

Tue, 04 Dec 2012 07:36:42 +0000

We've done cash as well. It makes things so much easier in the long run.

Glen Craig on Cash vs. Accrual Accounting

Tue, 04 Dec 2012 05:44:07 +0000

I chose cash. I hated doing accruals at my last job. And as Lena said if you don't have receivables or payables then it isn't as beneficial I would think.

MoneyBeagle on Cash vs. Accrual Accounting

Tue, 04 Dec 2012 04:42:32 +0000

Cash. So much easier to account for things as soon as they come in or go out.

Lena Gott on Cash vs. Accrual Accounting

Mon, 03 Dec 2012 20:15:03 +0000

I would think cash. Unless you expect to have lots of receivables or payables related to your blog, I don't think it would make much difference and would be easier to track.

The College Investor on Cash vs. Accrual Accounting

Mon, 03 Dec 2012 19:39:35 +0000

Cash as well.

michael @ financial ramblings on Cash vs. Accrual Accounting

Mon, 03 Dec 2012 16:19:58 +0000

Cash. My anal side convinced me to attempt accrual at one point in the past, but it gets to be a real headache. And there was no real benefit to accrual -- at least for me.

Club Thrifty on Cash vs. Accrual Accounting

Mon, 03 Dec 2012 14:47:55 +0000

For those of you who run your blogs as a business, do you use cash or accrual basis accounting? We just formed an LLC and I need to decide how to do it. Cash basis seems easier, but I know more about accrual accounting. Any suggestions would be very helpful.