Book Keeping Task/Accrual
From PCSAR
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* [https://www.xero.com/ca/resources/small-business-guides/accounting/cash-vs-accrual-accounting/ overview 1] ({{link|Image:Members:Cash-vs-accrual-accounting.pdf|cashed}}) | * [https://www.xero.com/ca/resources/small-business-guides/accounting/cash-vs-accrual-accounting/ overview 1] ({{link|Image:Members:Cash-vs-accrual-accounting.pdf|cashed}}) | ||
* [https://strategiccfo.com/cash-basis-vs-accrual-basis-accounting/ overview 2] ({{link|Image:Members:Cash-basis-vs-accrual-basis-accounting.pdf|cached}}) | * [https://strategiccfo.com/cash-basis-vs-accrual-basis-accounting/ overview 2] ({{link|Image:Members:Cash-basis-vs-accrual-basis-accounting.pdf|cached}}) | ||
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| + | In Canada, most businesses use the accrual method, as [https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/accounting-methods.html that is a requirement] of the Canada Revenue Agency. | ||
Revision as of 03:47, 23 April 2019
Consistent with best practices, PCSAR uses the accrual basis of bookkeeping.
The alternative is the cash basis. For an explanation of the differences, see these articles:
In Canada, most businesses use the accrual method, as that is a requirement of the Canada Revenue Agency.
