Remarkable Results Radio Podcast

Thanks to our partners, NAPA TRACS and PromotiveIn this episode of Business by the Numbers, Hunt Demarest, CPA, dives into the world of accrual accounting versus cash basis accounting. If you've ever wondered when to record sales, parts costs, or payroll, this episode breaks it all down with practical examples and actionable tips. Learn how aligning your financial processes with accrual-based methods can offer a more accurate picture of your business performance.What is accrual accounting, and how does it differ from cash basis accounting?The importance of recording sales on accrual to match your shop management software.Why accruing parts costs ensures accuracy in financial statements.How payroll and overhead accruals can smooth out monthly financial fluctuations.Examples of when to prioritize accrual processes for material expenses.Did you know that NAPA TRACS has onsite training plus six days a week support?It all starts when a local representative meets with you to learn about your business and how you ru