Glossary of Terms: modified accrual or modified cash or hybrid accounting

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an accounting method that combines accrual basis accounting with cash basis accounting

Modified accrual is allowed under the Davis-Stirling Act Civ. Code § 5200. Associations using modified accrual typically record assessments when due (accrual basis) but record expenses when paid (cash basis).

The other accounting methods include:

CA Civ. Code § 5200