cash basis

American  

noun

1. a method of recording income and expenses in which each item is entered as received or paid.

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Example Sentences

In the government’s annual budget plan last year, Ottawa pledged to spend over 80 billion Canadian dollars, equivalent to about US$59 billion, on a cash basis to upgrade the Canadian military.

From The Wall Street Journal • Feb. 16, 2026

“All in, just on a cash basis, these projects are making anywhere from 8 to 15 percent,” he said.

From Slate • Mar. 6, 2025

Because big banks and credit card companies have shunned the industry, it largely operates on a cash basis.

From Seattle Times • May 7, 2022

Because individuals are cash basis taxpayers, only the taxpayer who actually pays the mortgage is entitled to a deduction.

From Forbes • Dec. 30, 2014

Can anyone honestly say that it would not be better for the draper and the grocer to have their working-class business put on a cash basis.

From The Law and the Poor by Parry, Edward Abbott