Moving contractor payments to accrual basis

Thanks for visiting the Community today, @ndl2485. 

You don't need an account when switching contractors from cash to accrual accounting methods. You'll want to change the accounting method from your settings to reflect an accrual basis with these steps below: 

1. Choose Account and Settings from the Gear icon, then go to the Advanced tab.
2. Select the Pencil icon in the Accounting section, then choose Accrual in the Accounting method drop-down.
3. Click Save, then Done.

Check out this article to get more ideas about the difference between Cash and Accrual basis for QuickBooks Online and how to change the method on a report: Choose between cash and accrual accounting methods in reports. 

I'm always around to help you more if you have additional concerns about this process. Stay safe!

We can do that going forward but we need to make the adjustments for prior months.