Acoounting Data Entry Accounting Data Entry Forms Attach Data Files to EMail See Explanation for this procedure. While the chance that anyone could or would intercept and read them is extremely remote, it is possible. 1996,1997,1998,1999 by On Line Accountant Accrual Basis Accrual basis financial statements recognize income when earned, even if payment has not been received. Expenses are recognized when incurred, regardless of when actually paid. Accrual basis financial statements are a more accurate representation of the financial condition and results of operations for a business than are those prepared under the cash receipts and disbursements method.
Accrual basis is required when inventories are maintained.
These data files can be used to provide data for compiled or reviewed financial statements or preparation of journal entries. For more information, call or email your request.