About Penny Lane

Penny Lane (yep, that's her real name!) is a seasoned QuickBooks® Pro-Advisor and one of the few to have attended live Advanced QuickBooks Training with Intuit™. She owns an accounting firm called Business Matters. For over a decade she's been teaching people how to use QuickBooks. Her students include business owners and their bookkeepers as well as seasoned accountants. See all of Penny's articles

Cash vs. accrual-based accounting: What does it mean?

In my opinion, one of QuickBooks’ best features is its ability to run financial reports like a Profit and Loss Report on both a cash and accrual basis. But I’m often asked by my clients “What does that mean? What is Cash vs. Accrual?” I’ll try to … [Read more...]

You can also post your own question to the QuickBooks for Mac community.