David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning.

Of course, staying out of jail is a good thing. And a good basic accounting system will provide useful financial information that will enable you to run your business proactively rather than ...

See full definition Cash-Basis Accounting An accounting system that doesn't record accruals but instead recognizes income (or revenue) only when payment is received and expenses only when payment ...