Posted 10/23/2017 12:01 (#6322789 - in reply to #6322707) Subject: RE: Accrual accounting in ag
E.Central MN
Be aware that you can't just switch back and forth whenever it suits you. My brothers chose accrual years ago because of their off farm income, but cash accounting has economic advantages for farmers that accrual does not. You would be advised to discuss this with a good accountant that handles farm accounting.
Accrual accounting in ag
