We were watching the movie Colony last weekend (highly recommended) and I was inspired to follow-up on a topic that I think confuses the heck out of most people. Cash vs. Accrual Accounting. Don’t be alarmed by the word “accrual”, you don’t even need to know what it means to understand the concept. Press on!
Colony is about beekeepers. Not just any beekeepers, these are hardcore beekeepers. They perform a task that I never knew existed. These individuals literally manage and care for thousands of bee hives and transport them all over the country on giant flat-bed trucks to pollinate various crops (almonds, blueberries, etc.). I could write a whole post about how cool that is and how that’s just one more critical component of the food supply chain that most people never think about, but I’ll save it for another day.