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

See Examples For:

cash basis

On a cash basis, the company paid $2.8 billion in federal income taxes last year after paying more than $7 billion in each of the prior two years.

From The Wall Street Journal ● Feb. 6, 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

With regards to cash basis corporations, the circuit courts are split as to when the reduction to E&P for the corporation’s federal tax liability occurs.

From Forbes ● Aug. 26, 2014

We have seen that he vehemently protested against an experiment in France, which had a cash basis of one hundred thousand dollars, and the advantage of his own possible presence and administration.

From History of American Socialisms by Noyes, John Humphrey