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| Learn about the different types of reports you generate in |
| QuickBooks |
| Have you ever wondered what the differance is between Cash Vs. Accrual in QuickBooks? Most reports in QuickBooks can be ran on either a cash or accrual basis. Cash Basis: definition; Reports only show paid transactions. Accrual Basis: definition; Reports show all transactions, both paid and unpaid. |
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| Change Preferences
in QuickBooks to default your report display to either Cash or Accrual basis:
1. Click "Edit" in upper left corner of QuickBooks, then select "Preferences". 2. Click "Reports & Graphs" in left column, then select the"Company Preference" Tab. 3. Now click the radio button to select "Accrual or Cash". |
| Cash Vs. Accrual |