Setting Cash vs Accrual Method

[Brenda Reed]

Thank you R. Victor. Not convenient, but doable if I remember to do it.

On Thu, Feb 13, 2014 at 5:49 PM, R. Victor Klassen <rvklassen at gmail.com>wrote:

> Well, actually it is a setting in Quickbooks, but not in GnuCash.
>
> Quickbooks is accrual based.  To account using cash-based, requires
> fiddling with the posted date (which, happily is easy enough to do) on
> things that land on the wrong side of the year boundary - payments that are
> billed but not paid - to, or from your business.
>
>
> On Feb 13, 2014, at 2:15 PM, 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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