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Professional accountant reviewing financial reports and QuickBooks data on dual computer monitors in a modern office while reconciling accounts and managing bookkeeping records after a QuickBooks migration.

The cash vs accrual accounting decision can substantially affect your Arizona small business's tax bill and financial clarity. If your small business has sales under $5 million per year, you're free to use either the cash method or accrual method. This choice affects when you recognize income and expenses, which influences your tax timing and cash flow visibility. Accrual accounting is the most common method and provides the most accurate portrayal of a company's financial he