July 2023
Accounting is a vital part of running a business, although the process can be complicated and confusing. Business owners may choose from several different accounting methods. They might base the decision on the type of business they operate, their company’s business activities or the size of the business. This article provides an overview of the main types of accounting methods, along with some examples of recent changes to federal tax law that could influence a business owner’s decision about which method to use.
