[GNC] Income statement incorrect

Rich Shepard rshepard at appl-ecosys.com
Wed Jul 31 12:10:02 EDT 2019


On Wed, 31 Jul 2019, Adrien Monteleone wrote:

> If you want a cash-basis Income Statement, you’ll need to modify your
> included accounts in the Accounts tab of the report’s Options.

Adrien,

Okay. That is preferable to unposting invoices. Mine is a professional service
business so ivoices are sent (and need to be paid) before services are
rendered. Many of my clients are on a retainer basis so invoices for coming
periods are sent in advance, but the money not received until the next
period.

Would be nice to have a cash accounting option in addition to the default
accrual accounting option.

Thanks,

Rich


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