[GNC] Income statement incorrect
Rich Shepard
rshepard at appl-ecosys.com
Wed Jul 31 13:14:56 EDT 2019
On Wed, 31 Jul 2019, Derek Atkins wrote:
> 1) You'll need to manually back out your AR and AP to convert from Accrual
> to Cash, or
>
> Sorry, but that's where we are. Personally, I use option #1.
Derek,
I'm not an accountant but I know that each taxing authority has different
rules and requirements. Now I, too, will use option #1.
Thanks,
Rich
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