Practice in a perfect area grossing $270K, averaging 300 patients per month doing sx 0%, c&c 20%, sports 10%, orth. 25%, Diabetic care 20%, wound care 10% and laser 12%. Cash 24%, Medicare 26% and Blue Cross 13%. New listing. Call 610-518-7411 for full details.
Cash basis vs. accrual basis accounting. The cash basis and accrual basis of accounting are two different methods used to record accounting transactions. The core underlying difference between the two methods is in the timing of transaction recordation. When aggregated over time, the results of the two methods are approximately the same. A brief description of each method follows: 1  Cash basis. 2  Revenue is recorded when cash is received from customers, and expenses are recorded when cash is paid to suppliers and employees. 3  Accrual basis.
Accrual Accounting. Definition: Accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged. The term accrual refers to any individual entry recording revenue or expense in the absence of a cash transaction . Most businesses typically use one of two basic accounting methods in their bookkeeping systems: cash basis or accrual basis.