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

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

Scab Johnny had been too long operating on a cash basis with Messrs. Gibney and McGuffey to risk adding to an old unpaid bill.

From Captain Scraggs or, The Green-Pea Pirates by Grant, Gordon