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 - What is accrual accounting? Accrual accounting is an accounting method that recognises financial events when they occur, regardless of when payment is made. Starting and maintaining solid, professional accounting practices is essential for the growth of a business. Make sure yours are in order with Debitoor. When a company uses the accrual accounting method, economic events are recognised in their accounts by matching revenues to expenses (the matching principle) at the time in which the transaction occurs (as opposed to when the payment is made or received).