Do HOAS Use Cash Or Accrual Accounting?
Do HOAS Use Cash Or Accrual Accounting? Do HOAS use cash or accrual accounting? Accrual accounting is CMA’s standard for HOA financial reporting. The method is in accordance with Generally Accepted Accounting Procedures (GAAP). Whereas cash accounting only records revenue when received and expenses when paid, accrual accounting records revenue when earned and expenses when