Sentences with CASH-BASIS
Check out our example sentences below to help you understand the context.Sentences
1
"When you use the cash basis accounting method, you record revenue when cash is received."
2
"Under the cash basis, you recognize expenses when they are actually paid."
3
"Small businesses often use the cash basis of accounting."
4
"With the cash basis, you don't need to worry about accounts receivable or accounts payable."
5
"Using the cash basis, you only need to track incoming and outgoing cash transactions."
6
"The cash basis allows businesses to have a clear picture of their available cash."
7
"One disadvantage of the cash basis is that it may not accurately reflect the financial position of a business."
8
"Under the cash basis, you don't record revenue until the payment is received."
9
"The cash basis method is commonly used in personal finance."
10
"When using cash basis accounting, you don't recognize revenue until the cash is in hand."
11
"Many small businesses choose to use the cash basis for income tax purposes."
12
"The cash basis provides a simple way to determine cash flow."
13
"With the cash basis, you don't need to worry about tracking accounts receivable."
14
"Some countries have specific rules regarding the use of cash basis accounting."
15
"The cash basis is not compliant with generally accepted accounting principles (GAAP)."
16
"The cash basis allows businesses to match income with the related expenses."
17
"Using the cash basis method, you may not record revenue for services provided before the end of the accounting period."
1
"The company operates on a cash basis, recording revenue only when cash is received."
2
"Our accounting system is set up on a cash basis, so we only recognize expenses when they are paid."
3
"The business owner prefers to manage transactions on a cash basis for better control over cash flow."
4
"Using the cash basis method, we will only include cash sales in determining our revenue."
5
"The organization follows a cash basis for reporting financials, allowing them to focus on immediate inflows and outflows."
6
"The tax regulations require some businesses to use the cash basis of accounting for tax reporting."
7
"With a cash basis approach, it's essential to closely monitor cash receipts and payments."
8
"The cash basis method may not accurately reflect the overall profitability of a business."
