I need a substantive comment on this post:

Professor Beyers, The main difference between cash basis and accrual basis accounting is the timing of when transactions are recorded. Cash basis accounting records revenue and expenses when actual payments are received or disbursed. Accrual accounting, on the other hand, records revenue, and expenses when those transactions occur, regardless of when the cash is exchanged. Generally, accrual accounting is more beneficial than cash basis accounting because it provides a more accurate picture of finances. This is because accrual accounting records revenue and expenses when they occur, instead of when the cash is exchanged. This can be important for businesses that have long-term contracts or that sell products or services on credit.