Accrual vs cash accounting - Which one for DevShop?

Let's make your DevShop (finally) profitable: https://www.accquip.com/ Just starting out? Grab the Tax-Ready Freelancer here: https://www.accquip.com/tax-ready-fre... Connect with me: Linkedin:   / tony-wilson-cpa   YouTube:    / @accquip3320   Timestamps: 0:00 - Intro 0:15 - Accrual vs Cash - the difference 1:48 - Why accrual basis is better? 4:45 - Accrual basis cons 6:15 - Why cash basis is better? 7:27 - Cash basis cons 11:04 - What to use as DevShop? About this video (for the algo): In this video, I'm going to show you the difference between cash-basis and accrual-basis accounting and how it can affect your software development business or DevShop in 2024. You'll also learn when to use an accrual basis and when to use a cash basis for your software firm so you get more profits and more value out of your clients. Thanks for watching, Tony Wilson, Accquip.