Accrual vs cash basis
Money Magician Accounting software Glossary Accrual vs cash basis
Answer in brief
Accrual vs cash basis: Recording income and costs when they are invoiced (accrual) or when money moves (cash). VAT and tax rules decide which applies.
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In this entry
Accrual vs cash basis in accounting software
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Cite this entry
Best Accounting Software. “Accrual vs cash basis.” https://bestaccountingsoftware.eu/glossary/accrual-vs-cash-basis/ (updated 2026-11-12).