Changing report basis from cash to accrual (or vice-versa)

Legacy KB ID: 554

Question

How do I change a report basis from cash to accrual (or vice-versa)?

Answer

Reckon Accounts allows you to change the report basis from cash to accrual and vice versa at any time. Changing the report basis does not alter your data, it only changes the way data displays on reports.

You can also set a default report basis that affects how Reckon Accounts displays summary reports (reports that summarize amounts and do not list transactions). Detail reports (reports that list transactions) must be changed manually.

To change the report basis on a single report:

  1. Click the Modify Report button in the Reckon Accounts report window.
  2. Select the appropriate Report Basis, then click OK.

To set the default report basis for summary reports:

  1. From the Reckon Accounts Edit menu, choose Preferences,
  2. scroll down to click the Reports & Graphs icon on the left side of the window.
  3. Click the Company Preferences tab,
  4. select your desired reporting method, Cash or Accrual, and then click OK.

To set the default report basis for sales tax liability reports:

Note: The report basis for sales tax liability reports can only be changed with the steps below. The option does not exist in the report window.
  1. From the Reckon Accounts Edit menu, choose Preferences, and then scroll down to click the Tax/GST icon on the left side of the window.
  2. Click the Company Preferences tab, and in the Tax section, choose one of the following:
  3. As of invoice date (Accrual Basis)
  4. Upon receipt of payment (Cash Basis)
  5. Click OK.
Note: You need to be in the Single-user Mode to change preferences. The Reckon Accounts Administrator is the only user who can change Company Preferences.

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