Unapplied Cash Payment Income and Cash Basis Reporting

Hi there, kcpm9.

For now, we're unable to assign classes to payments, regardless if they're added directly from the bank register or through the Receive Payment option.

Although, you can match the unapplied cash payment to the invoice so it will no longer show up in the Not Specified column. Please see these following articles to get more details about this:

• Unapplied cash payment income on your profit and loss
• What to do if you see unapplied cash bill payment expense on your profit and loss
• What's Unapplied Cash Payment?

The Community is always here if you need anything else. 

Thanks JenoP. It seems that I would need to create a new invoice that matches the Unapplied Cash Payment to assign a Class to the (Unapplied) amount-- however this defeats the purpose of why I want to see Unapplied Cash Payment separately reported in a Cash basis report (example: a customer may have paid additional on their account, so I want to report the cash received as income for taxes, but I don't want to count it as income for GAAP/accrual).

Do you know if there's a timeline for QB to include Class tracking on Unapplied Cash Payment Income?

Hi kcpm9,

Having to include class tracking on Unapplied Cash Payment income is ideal for your business. I'll pass this along to our product team to let them know of your business needs. We're unable to give you an exact timeline for this product implementation. But please know we always focus on our product's improvement. 

At this time, you'll want to follow the steps mentioned by @JenoP.

Here's an article for more information: What is Unapplied Cash Payment.

You can also run reports to track how much you receive and spend for your business: Run Reports.

Reply to this thread if you have any other concerns. I'd be glad to help.