Tag Archives: Cash Basis

Accrual or Cash Basis for Profit & Loss Reports in QuickBooks

Posted on December 6, 2011 by Laura Madeira

My recommendation is that business owners view their business Profit & Loss report in accrual basis. This method more accurately matches their expenses with the related revenue in the same accounting period. The business’s accountant can then review the data … Continue reading →

QuickBooks – Accrual or Cash Basis Reporting?

Posted on October 29, 2010 by Laura Madeira

Choosing a Reporting Basis Are you a business owner unsure of what critical information you should be reviewing in your data file and how often you should perform the review, or are you an accounting professional new to the QuickBooks … Continue reading →

QuickBooks Cash Basis Accounts Receivable or Payable

Posted on October 13, 2010 by Laura Madeira

QuickBooks Help with Balance Sheet What can you do if you do have an Accounts Receivable balance on your Cash Basis Balance Sheet? First, modify the following report, to help you locate the transactions making up this balance: 1.      … Continue reading →