Setting Cash vs Accrual Method
Brenda Reed
brendareed123 at gmail.com
Sat Feb 15 22:56:38 EST 2014
I was using Quickbooks and all the reports were accrual by default but
could be set to cash basis and it was a nice feature. My husband is a
database programmer and I do the books. We are a sole proprietor.
On Thu, Feb 13, 2014 at 11:15 AM, Mike or Penny Novack <
stepbystepfarm at mtdata.com> wrote:
> 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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