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bonnie30
Level 1

I have two out of several journal entries, that show on the 2019 general ledger accrual basis report that do not show on the cash basis report.

 
3 Comments
Michael K
Moderator

I have two out of several journal entries, that show on the 2019 general ledger accrual basis report that do not show on the cash basis report.

Hey there, @bonnie30.

 

If the journal entries debit or credit either Accounts Receivable or Accounts Payable, they won't show on Cash Basis. This is because a journal entry bypasses the accounting method when hitting those accounts. I recommend consulting with your accountant to ensure that a journal entry is best for those transactions.

 

You can find out more in this thread: Cash Basis Journal Entry

 

Shoot me a reply if you have any other questions. I'm here to help. Have a good one.

pprivon
Level 1

I have two out of several journal entries, that show on the 2019 general ledger accrual basis report that do not show on the cash basis report.

Michael - thank you for that response. I followed that link but the link in the supported answer (https://community.intuit.com/questions/1782280-my-clients-are-on-a-cash-basis-is-there-a-reason-that...) no longer seems to be valid.

 

Is there a list of all the accounts that if present in JEs are bypassed by QB Cash Basis reporting?

JonpriL
Moderator

I have two out of several journal entries, that show on the 2019 general ledger accrual basis report that do not show on the cash basis report.

Hello @pprivon,

 

As of the moment, we don't have a specific list of accounts to use. But you can utilize the following accounts mentioned by my colleague, @Michael K above, the Receivable and Payable accounts.

 

In addition, I'd recommend getting in touch with your accountant for additional assistance in choosing the right accounts to use.

 

Lastly, here's a few articles you can read for ideas about managing your company data: Reports and Accounting for QuickBooks Enterprise.

 

If there's anything else that I can help you with, let me know in the comments. I'll be happy to help.

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