Setting Cash vs Accrual Method

Mike or Penny Novack stepbystepfarm at mtdata.com
Thu Feb 13 14:15:35 EST 2014


Brenda Reed wrote:

>Where would one set the accounting method for reporting cash or accrual? I
>just cruised through the manual and could not find it. Also, is there a way
>to do a keyword search on the whole manual and guide?
>  
>
Accounting on the "cash" basis or accounting on the "accrual" basis 
isn't the sort of thing that would be a "setting" in gnucash or any 
other accounting program.

If you are new to accounting/bookkeeping first try to understand what 
"cash basis" means because it is conceptually simpler. But if you are 
required to use the accrual basis or prefer to use the accrual basis 
you'll need to learn that too. Are these personal books or books for a 
business?

Michael




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