What Type Of Financial Accounting Do You Keep?

We've been using cash accounting for a while now and, whilst i like (and am used to) this method of accounting im wondering if there were any benefits of changing over to accrual accounting instead?

In case you werent sure, or didnt know, accrual accounting is when you invoice, sell, or buy something and it gets noted in your accounts ledger immediately even before payment has been made, even if payment is made several months later and cash accounting is when you receive a payment, or send a payment, the second the money arrives or leaves, you note it in your accounts ledger.

Our business operates on an invoice system mainly which is why we've been using cash accounting for so long but im wondering if 'on paper' using the accrual system might be more of a benefit to us.

Anyone have any feedback on this, also what type of accounting do you presently keep and do you find it easier to handle compared to another method?

Regards,

Lee