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Change your accounting method in QuickBooks Online

by Intuit Updated 6 months ago

Learn how to change your accounting method from cash to accrual (or vice versa) in QuickBooks Online.

Need to change your company's accounting method? You can do it in just a few steps.

Just remember that each method reports your income and expenses differently. Once you change your accounting method, accounts and balances in your reports might show up differently.

Which accounting method should I use?

Each method has its own pros and cons. It's important to understand how they work so you can choose the best bookkeeping practice for your business.

If you're unsure which method to use, talk to your accountant.

Change the accounting method for your company

  1. Select Settings ⚙, then select Account and settings.
  2. Go to the Advanced tab.
  3. In the Accounting section, select the Edit ✎ icon.
  4. Choose the Accounting method.
  5. Select Save, then select Done.

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