Definitions for "Cash basis accounting"
A method of accounting where transactions are recorded and revenues and expenses recognized when cash is received or cash is paid out.
This is the accounting system in which cash transactions are recorded and reports drawn from actual payments made into and out of your company. (See Accrual Basis Accounting)
a method of accounting in which changes in the condition of an organization are recognized only in response to cash transactions whether they be payments or receipts.
Keywords:  conversion, cycle
Cash Conversion Cycle