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How do I set default reporting to Cash Basis in QBO?

I changed the accounting basis from Accrual to Cash in company settings but all reports still default to Accrual. Am I missing a preference? Thanks
2 Comments
QuickBooks Team

Re: How do I set default reporting to Cash Basis in QBO?

Good afternoon, @Mrjan.

 

I have some information that I know you'll find helpful for preparing Cash Basis reports. The option you select between Cash and Accrual in Account and Settings is only used in the Close the Books process within QuickBooks Online. For Reports, the setting will always be defaulted to Accrual unless you customize the report. Check out the instructions below to create a Cash Basis customized report:

 

Saving a report in Cash Basis

  1. From QuickBooks Online, navigate to the Reports tab. Select any report you'd like to save in Cash Basis from here.
  2. Under Accounting Method, select Cash Basis. Configure the rest of the report in a manner you'll be checking on a regular basis.
  3. Select Save Customization and enter a name for the report, such as Cash - Profit and Loss.

Check out our awesome video tutorial on report customization for more information:

 

We also offer a guide on changing your accounting method for your convenience. Using these steps, you can access your customized Cash Basis Reports with only a couple clicks from the Reports tab. Please keep in touch with me here if there's anything else you need, I want to ensure your success. Thanks for bringing your question to the Community, hoping you have a wonderful holiday season.

ProAdvisor

Re: How do I set default reporting to Cash Basis in QBO?


@Mrjan wrote:
I changed the accounting basis from Accrual to Cash in company settings but all reports still default to Accrual. Am I missing a preference? Thanks

That's all you need to do, nothing more (by changing the company settings from the Gear icon > Account and Settings > Advanced > Accounting method to Cash > Save).

 

If you're not seeing the new default report setting, you may want to refresh/clear the browser, log out/login in or try it on a different browser. It should work, I believe.