Cash Basis in JD Edwards
June 29th, 2010
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Introduction
The Cash Basis accounting method is straightforward, and more intuitive to a non-accountant than the Accrual Basis method. In Cash Basis, income is recognized when cash is received, and expense is recognized when a debt is paid. While Cash Basis accounting is rarely used in industries like manufacturing or distribution, it’s common in real estate, government and non-profit industries among others. Read more…
