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katiaortega83
New Member

Which accounting method do I select for Herbalife Independent Distributor business?

Cash method or accrual method. Not sure what to choose if you receive checks from Herbalife.

1 Reply
Marketstar
Level 7

Which accounting method do I select for Herbalife Independent Distributor business?

Use the Cash method if you recognize income when actually earned and expenses when actually paid.

The ACCRUAL method of accounting is a bit more complicated and is often used by businesses that carry an inventory and/or sell on credit. Income is reported in the year earned even if not received yet, Expenses are reported as incurred even if not paid yet


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