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The profit and loss tile on my dashboard is using accrual accounting even though my settings are set to cash accounting. How do I change the P&L tile to reflect cash?

 
3 Comments
QuickBooks Team

Re: The profit and loss tile on my dashboard is using accrual accounting even though my settings ...

Hi quickbooks.
 

Let’s try to set up the accounting method in your company setting again.
 

Here’s how:

  1. At the top right corner, click the Gear icon then Accounts and Settings.
  2. In the Advance tab, click on Accounting.
  3. Select Cash as the Accounting method.
  4. Then Save and click Done.
  5. To refresh the program let’s sign out and sign back in.

Then, create a dummy bill. We'll try to check if the bill amount will be added in the Profit and Loss tile. If it does, you might want to review the vendor transactions. There might be vendor credits that cause this tile to increase the amount. Otherwise, you're good to go.

 

Don't hesitate to reach out to us if you have other concerns. Have a good one!

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Re: The profit and loss tile on my dashboard is using accrual accounting even though my settings are set to cash accounting. How do I change the P&L tile to reflect cash?

That tile can only show accrual. QB is by default accrual basis accounting with an option to report as Cash. Your Cash settings should, and I say should, not will, populate reports as Cash by default but that will have no effect on the dashboard. 

Established Member

Re: The profit and loss tile on my dashboard is using accrual accounting even though my settings are set to cash accounting. How do I change the P&L tile to reflect cash?

Well that's just stupid, the dashboard (and the reports) should follow whatever basis the customer sets, ALLWAYS. On a similar note, I run four standard reports, the P&L, the Trial Balance, General Ledger, and Balance Sheet. Even though my client is set as cash, two reports come out as cash and two as accrual. No CPA would be happy with these results. It is something that shouldn't be excused, it should be fixed.