See Explanation for this procedure. See Products and Services . While the chance that anyone could or would intercept and read them is extremely remote, it is possible. 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.