Hi,
Our company made a $200.00 payment with a check dated 3/15.
This $200 paid off $50 of a February 2nd bill that was originally $300 but had a remaining amount due of $50. The other $250 was paid in February.
The rest of the $150 went to a bill dated 3/2.
When I run the P&L statement Cash Based NOT Accrual, I expected to see the full $200 as an expense for the month of march as that is when we paid out the $200. Instead I only saw the $150.
Why is my Cash based report not pull the full $200 expense into March but instead only pulls the portion of the payment that was attributed to a bill owed in March.
If my March $200 payment was applied in full to a bill from February, the March P&L would show the full $200 so why is the partial payment causing this not to pull the full March Payment? Is this a "feature"?
