Sure!

```html

The Difference Between Accrual Accounting and Cash Accounting

Accrual accounting records revenue and expenses when they are earned and incurred, regardless of when the money actually exchanges hands. On the other hand, cash accounting records revenue and expenses only when cash is received or paid.

One method may be preferred over the other in certain situations based on the nature of the business. Accrual accounting provides a more accurate picture of a company's financial health by matching revenues with expenses in the same accounting period. This method is often preferred for businesses with complex financial transactions. Cash accounting, on the other hand, is simpler and more straightforward, making it suitable for small businesses with straightforward finances.

```

Focus keyword: "accrual accounting and cash accounting"