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

Contorno is one of a small cohort of people who opt to buy healthcare largely on a cash basis.

From The Wall Street Journal • Apr. 18, 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

The IRS, Tax Court, and the Third, Fifth and Eighth Circuits take the position that federal income taxes paid by a cash basis corporation reduces E&P only in the year of payment.

From Forbes • Aug. 26, 2014

Operating expenses other than rent in most cities except New York are not relatively high and all sales are on a strictly cash basis; hence the net profits on good fruit are large.

From Trees, Fruits and Flowers of Minnesota, 1916 Embracing the Transactions of the Minnesota State Horticultural Society,Volume 44, from December 1, 1915, to December 1, 1916, Including the Twelve Numbers of "The Minnesota Horticulturist" for 1916 by Latham, A. W.