# Basis

> Basis — Cash or accrual.

Source: https://lopifi.com/glossary/basis
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is basis?** In accounting, basis means cash or accrual.

## Words this system refuses for it

- method

- **Category:** Core ledger
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Rendered by:** [statement-toolbar](https://lopifi.com/md/components/statement-toolbar)
- **Related:** accrual