The Importance of Accrual Accounting in Business

A lot of investors say that's the best way. The expense is straight up. That way you're not carrying any pretend costs. But I know someone who says, actually, I want to see it in the P&L. To my mind, accrual accounting is one of the great wonders of modern business.We don't have banking without it. We don't have business without it. And double entry bookkeeping is the basis ofmodern business.