cash basis

noun

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

Example Sentences

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

From Seattle Times

It added that the deal is minimally dilutive to its earnings per share and is not expected to be dilutive on a cash basis.

From Reuters

She said she could not because the firm operates on a cash basis, recording money when it comes in rather than when it is earned.

From Washington Post

On a cash basis, the trade was neutral.

From Washington Times

“It gives you access to things you couldn’t afford on a cash basis. It doesn’t mean you can’t really afford it.”

From The Verge