Rent lands at post office on Saturday the 31st

[Jeff S.]

Cash accounting when do you post yours? It won't record at the bank on Saturday not a business day thinking to post on Tuesday when business is conducted. Can probably go either year so whichever works best the way to go IMO. Not an accountant though.

[Chris Seveney]

Quote from @Jeff S.:

Cash accounting when do you post yours? It won't record at the bank on Saturday not a business day thinking to post on Tuesday when business is conducted. Can probably go either year so whichever works best the way to go IMO. Not an accountant though.

 If you are cash accounting its based on the day it goes into your account, if its accrual accounting its based on the date due. For taxes purposes cash you can push it to next year, from a GAAP perspective if you were ever selling accrual is better because your 2022 balance sheet would look better.