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General economy
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deflep
Posted 4/28/2024 05:26 (#10720790 - in reply to #10719848)
Subject: RE: General economy


sand85 - 4/27/2024 08:24

That is why accrual accounting and budgets are important.

Did you earn that money in 2022, take the money in 2023, and pay the taxes on it in 2024?   Plenty of that happened.



Really good observation. Switching to accrual accounting about 8 years ago was probably the best thing I have ever done on the farm.
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