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Reports
| Learn about the different types of reports you generate in |
| QuickBooks |
Have you ever wondered what the difference is between Cash Vs. Accrual in
QuickBooks? Most reports in QuickBooks can be ran on either a cash or accrual basis.
Cash Basis: definition; Reports only show paid transactions.
Accrual Basis: definition; Reports show all transactions, both paid and unpaid.
QuickBooks? Most reports in QuickBooks can be ran on either a cash or accrual basis.
Cash Basis: definition; Reports only show paid transactions.
Accrual Basis: definition; Reports show all transactions, both paid and unpaid.
Change Preferences in QuickBooks to default your report display to either
Cash or Accrual basis:
1. Click "Edit" in upper left corner of QuickBooks, then select "Preferences".
2. Click "Reports & Graphs" in left column, then select the"Company Preference" Tab.
3. Now click the radio button to select "Accrual or Cash".
Cash or Accrual basis:
1. Click "Edit" in upper left corner of QuickBooks, then select "Preferences".
2. Click "Reports & Graphs" in left column, then select the"Company Preference" Tab.
3. Now click the radio button to select "Accrual or Cash".
| Cash Vs. Accrual |
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