We provide most of our clients with accrual accounting, but offer cash accounting as well.
Cash bookkeeping only records when money enters or leaves a bank account. Accrual bookkeeping is the more advanced approach. It records when the money was earned or owed. Most larger companies use accrual. Fincent does accrual from day one, so there’s no painful transition later.
If you are not sure which you need, our specialised team will understand your requirements and work with you to find the best method of bookkeeping for your business. To learn more about cash vs accrual accounting, check out this post from our blog.