Reports - Cash basis income and accrual basis expenses on Profit and Loss report
For clients needing income tax done on a cash basis, the expenses needs to still be on an incurred basis. A Profit & Loss report is need to reflect this situation.
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Neil Kagan
shared this idea
Thanks for putting this forward. A Profit and Loss report that combines cash-basis income with accrual-basis expenses could be useful where the reporting treatment differs between income and expenses.
I’ve moved this post to Gaining Support so we can continue gathering feedback. If you use this type of reporting, let us know why or when such report is required.
