2019 Accruals Deposits 
Cloud Accounting Podcast
AUGUST 3, 2020
There's a form called Form 3115, which you file with your income tax return to change your accounting method from cash to accrual, vice versa. A federal credit union told the Justice Department that 59 out of 60 SBA deposits it received appeared to be fraudulent. million in payroll in 2019. He was really blatant about it.
Cloud Accounting Podcast
JUNE 28, 2020
If you've ever tried to get your clients' Stripe, Square, or PayPal transactions into QuickBooks or Xero, you've probably pulled your hair out a few times trying to get income and fees recorded correctly so that the deposit amounts match the bank statement so you can reconcile. They'll do cash, or accrual accounting.
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