10/13/2026
Your bank balance says you’re fine. Your books say you’re owed $60K in draws and retainage. Which one is telling the truth? Both, depending on the accounting method. Cash basis counts money when it moves. Accrual counts it when the job work is earned. If you bid big jobs or carry retainage, knowing which one you’re on changes how you read every report. Message us and we’ll tell you which fits your shop.
CPA-led outsourced CFO, accounting, and tax strategy services for business owners. Headquartered in Salt Lake City, Utah.