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.
YES NO 11 people found this helpful. â The accrual basis accounting base accounting method was used instead of a cash basis accounting method because of the timing of our receipt of payments.