Frequently, when filling out our monthly ( or quarterly ) tax forms to send our sales tax payments to the state, we run across the issue where they want more…More…Sales Taxes: Exempt Tax vs. ???
How does Lizzy handle her accounting? The answer to that is that she runs an Accrual Accounting Basis, with a slight exception regarding invoicing. First – why Accrual Basis? Well…More…Cash Basis vs Accrual Basis