Cash bookkeeping only monitors money entering or leaving a bank account. Accrual bookkeeping is a more refined approach that documents when money is earned or when there are debts.

For a small business, use of accrual is important. Lawtax360 does accrual bookkeeping right from the beginning, this eliminates the need for you to manage any wearisome transitions afterwards. We can still produce Cash Reports if needed, providing you greatadaptability.