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What is your opinion about business that only cash accept from using an accounting information system...

What is your opinion about business that only cash accept from using an accounting information system like QuickBook?
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IFRS prescribes accrual basis for accounting but many small businesses use cash based accounting for their books of accounts, Cash accounting is easy to use as it is straight forward cash in and cash out transactions, but the accuracy of same cannot be there as many things are skipped because of cash based accounting. Cash accounting requires less time and financial resources but it can misrepresent your financial statements and it is not in conformity to GAAP. Tax advantages are also there in cash based accounting. Quick books supports cash based accouting also.

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