Question: Is it ok to change from an accrual basis to actual and back again just for analysis?

I'm here to share information about changing accounting methods, @Tedmhind.

Yes, you can change the accounting method in your reports and Accounting section anytime without issue. Making changes to your accounting method, the accounts and balances in your reports will also change.

Here's how to change the accounting method for your company:

1. Click the Gear icon ⚙ and select Account and settings.
2. Go to the Advanced tab.
3. From the Accounting section, click the Edit ✎ icon.
4. Choose the Accounting method and click the drop-down arrow. Then, choose Cash or Accrual.
5. Select Save and Done.

Change the method on a report:

1. Go to Business overview and select Reports.
2. Choose a report.
3. Under the Accounting method, select Cash or Accrual (you can also choose the Customize button to open the Customize Report window and change the setting in the General section).
4. Click Run report.

It's good to know how each method works to choose the best bookkeeping practices for your business. If you're unsure which method to use, I recommend consulting your accountant to help you further.

Lastly, you can read this article to learn more about what happens behind the scenes in QuickBooks with accounting terms: Learn common accounting terms.

Don't hesitate to comment below if you have questions about the accounting method in QuickBooks Online. I'm always here to help. Have a great day.

Thank you

Thank you for all your help and support

Ted

Hello all... I have just noticed that you can change from Accrual to cash reporting through:

Accountant Tools  ~  > Report options 

Very interesting indeed.

But the question is do you still need to change it in all the other places in Account Settings?

Theodore (Ted) Hind

I'm glad you've noticed the Reports option from the Accountant Tools, Tedmhind.

Let me share some details about the use of the Accountant Tools that appears on your account. This is a special feature for users who signed up for QuickBooks Online Accountant.

It's a Pro-Advisor benefit that helps you review the client's account more efficiently. That's why you can run reports through the Accountant Tools section or simply click Reports from the left menu.

Each link has its different functions and you can browse this article to learn more about it: Use accountant tools and features in QuickBooks Online Accountant.

I hope we’ll stay in touch and get to work together again in the future. Please don’t hesitate to leave a comment below if there are other features you want to learn with. I'm always right here to help you.