Indie Author Biz Guide Podcast

Cash? Accrual? What the heck?

February 21, 2023 Tora Moon Episode 12
Cash? Accrual? What the heck?
Indie Author Biz Guide Podcast
More Info
Indie Author Biz Guide Podcast
Cash? Accrual? What the heck?
Feb 21, 2023 Episode 12
Tora Moon

Episode 12:  This is the second episode in our Financial Basics for Authors series. In this episode, I talk about the two different ways used to account for your business activity: Cash basis or accrual basis. I explain what each one is, and which one is best for an indie author’s business.

0:00 Intro to this week’s episode
0:32 Welcome to the Podcast
1:31 The two methods of accounting
2:45 The cash basis method
5:48 The accrual basis method
9:49 The accounting standard
10:26 Problems caused by using the cash basis
15:05 Advantages of using the accrual basis
15:51 How to use the accrual basis
17:31 The reasons accrual is better
19:24 New coaching service for your author business!

Show Notes:
Find out more about how I can help you with your author business with Author Business Coaching: https://indieauthorbizguide.com/abc/

Support the Show.

Additional show notes and transcripts are on my website: IndieAuthorBizGuide.com/podcast

Learn more about Micro Coaching

To get more in-depth assistance with your author business, my Author Business Coaching may be for you.

Get your free Indie Business Checklist
Check out my fantasy books
Learn more about, and purchase the book: Business and Accounting for Authors

Support the show, buy me a coffee!

Connect with me!
LinkedIn: tora-moon-author-bizguide
Facebook: indieauthorbizguide
Instagram: @toramoonindiebiz


Music, Inspiring Sunny Day, used on the show is licensed from Nazar Rybak via MelodyLoops.com

Show Notes

Episode 12:  This is the second episode in our Financial Basics for Authors series. In this episode, I talk about the two different ways used to account for your business activity: Cash basis or accrual basis. I explain what each one is, and which one is best for an indie author’s business.

0:00 Intro to this week’s episode
0:32 Welcome to the Podcast
1:31 The two methods of accounting
2:45 The cash basis method
5:48 The accrual basis method
9:49 The accounting standard
10:26 Problems caused by using the cash basis
15:05 Advantages of using the accrual basis
15:51 How to use the accrual basis
17:31 The reasons accrual is better
19:24 New coaching service for your author business!

Show Notes:
Find out more about how I can help you with your author business with Author Business Coaching: https://indieauthorbizguide.com/abc/

Support the Show.

Additional show notes and transcripts are on my website: IndieAuthorBizGuide.com/podcast

Learn more about Micro Coaching

To get more in-depth assistance with your author business, my Author Business Coaching may be for you.

Get your free Indie Business Checklist
Check out my fantasy books
Learn more about, and purchase the book: Business and Accounting for Authors

Support the show, buy me a coffee!

Connect with me!
LinkedIn: tora-moon-author-bizguide
Facebook: indieauthorbizguide
Instagram: @toramoonindiebiz


Music, Inspiring Sunny Day, used on the show is licensed from Nazar Rybak via MelodyLoops.com