How do I change the settings in Accounted so that reports will display in a cash basis?
Michael Simons
asked this on March 01, 2011 03:28 pm
I need to print/view the balance sheet and income statement on a cash basis. Is cash basis the auto default or do I need to change it?
Comments
Oranged Support
Oranged Software
Answer
Hi Michael,
There are currently not overt features in Accounted for handling cash-basis transactions. You can do this yourself manually by managing when the cash has been received and either using the checkboxes next to transactions, or by possibly using multiple accounts and switching the transaction to a "completed" account once the transaction is complete. You can also use the Accounts Receivable and Accounts Payable options by turning them on or off in the Company settings window.
Comments
Hi Michael,
There are currently not overt features in Accounted for handling cash-basis transactions. You can do this yourself manually by managing when the cash has been received and either using the checkboxes next to transactions, or by possibly using multiple accounts and switching the transaction to a "completed" account once the transaction is complete. You can also use the Accounts Receivable and Accounts Payable options by turning them on or off in the Company settings window.