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Is it possible to customize a P

I am not an accountant but I am deducing that Accrual means all invoiced, and cash means money on account. So Accrual minus Cash equals A/R? I am wanting a report by Class which would reflect all three columns or at least Accrual and Cash.
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QuickBooks Team
QuickBooks Team

Is it possible to customize a P

Thanks for checking in with us, 9gatesmysterysch.

 

I know how beneficial it is to your business to run a report with the Cash, Accrual, and Class columns. However, this option is unavailable in QucikBooks Online (QBO). What we can do is to run the Profit and Loss by Class report. Then, choose Cash as the Accounting method and export it to Excel. Then, pull up the same report and change the Accounting method to Accrual and export it to Excel again. From there, you can come up with the report you need. To learn more about running a report by class and modifying them, see the articles below:

On the other hand, the Accrual method is the most accurate method and a good one to use for analyzing business performance. While Cash basis for taxes usually delays tax liability which is also helpful. For more details about the difference between Cash and Accrual methods, see Choose between cash and accrual accounting methods in reports article.

 

Feel free to visit our Reports page for more insights about creating and managing reports.

 

This should take you in the right direction today. The Community will always have your back if you need a hand with memorizing your reports or any QBO related. Assistance is just one post away.

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