Home BlogTax Bookkeeping Terms

Tax Bookkeeping Terms

Tax-adjacent bookkeeping glossary terms for bookkeepers: cash vs accrual, depreciation, 1099 thresholds, accountable plans, and year-end cleanup.

1 article

Featured in Tax Bookkeeping Terms

Accrual vs Cash Accounting: Which Method and Why It Matters

Cash accounting recognizes revenue and expenses when money moves. Accrual recognizes them when earned or incurred. Most small businesses run cash for tax and accrual for books. Here's why and how.

Bobby HuangApr 25, 202611 min read

Accountant reviewing calendar and accounting books

Tax Bookkeeping Terms

Accrual vs Cash Accounting: Which Method and Why It Matters

Cash accounting recognizes revenue and expenses when money moves. Accrual recognizes them when earned or incurred. Most small businesses run cash for tax and accrual for books. Here's why and how.

Bobby Huang

11 min