ImTheBoss - 10/23/2017 11:13 Can anyone provide me with any resources on a "checklist" of what we'd need to do to switch our farm from cash to accrual accounting? Unless you have a specific reason to change I wouldn't recommend it for tax purposes. However, I like to make "accrual adjustments" to my cash record to give a true picture of my financial situation. I provide this to lenders so they know where we are as well. Things like changes in inventory, prepays, A/R and A/P. I can look into it more later if interested. | 
Accrual accounting in ag
