UK Small business owner’s guide to accounting method Accruals vs Cash basis

In order to fully implement accounting practices, businesses need to continue with choose the accounting method they ‘re going to follow. Companies are free to select among two specific accounting methods: the cash basis for accounting, or the accrual basis for accounting. In general VAT is calculated on the basis that the VAT you payContinue reading “UK Small business owner’s guide to accounting method Accruals vs Cash basis”