Definitions
There is 1 meaning of the phrase
Cash Basis.
Cash Basis - as a noun
A method of accounting in which each item is entered as payments are received or made
Antonyms (Opposite Meaning)
accrual basisExample Sentences
"The company operates on a cash basis, recording revenue only when cash is received."
"Our accounting system is set up on a cash basis, so we only recognize expenses when they are paid."
"The business owner prefers to manage transactions on a cash basis for better control over cash flow."
"Using the cash basis method, we will only include cash sales in determining our revenue."
"The organization follows a cash basis for reporting financials, allowing them to focus on immediate inflows and outflows."
