By using Apprenticeforums services you agree to our Cookies Use and Data Transfer outside the EU.
We and our partners operate globally and use cookies, including for analytics, personalisation, ads and Newsletters.

  • Join our UK Small business Forum

    Helping business owners with every day advice, tips and discussions with likeminded business owners. Become apart of a community surrounded by level headed business folk from around the UK

    Join us!

What Is Your Primary Method Of Accounting?



New Member
Honestly, I'm still using traditional pen and paper for my receipts. Every two weeks, I provide them to my accountant. While this method is relatively new for us, my accountant has adopted a more modern approach by scanning everything onto his computer. This ensures we have a digital backup, which feels more secure than relying solely on physical copies. Interestingly, I've come across people who have completely abandoned paper copies. What about you? What's your preferred method?


New Member
There are two primary methods of accounting— cash method and accrual method. The alternative bookkeeping method is a modified accrual method, which is a combination of the two primary methods. Cash method—income is recorded when it is received, and expenses are recorded when they are paid.

For More information, please visit Omer & Company Accountant