What is "Cash Basis" Accounting?

"Cash Basis" Accounting means income and expenses are recorded as of the date that they are received/occur. I.E when money actually changes hands. Singletrack only offers this type of Accounting. 

("Accrual Basis" Accounting recognizes income and expenses when they are invoiced/billed. This means income is recorded when it is earned and therefore Invoicing/Accounts receivable must be included in bookkeeping. Singletrack Accounting does offer Accrual Basis accounting.)

See also How does my Bookkeeping Service work?
See also When do you file my business tax returns?