@Rustler 

Yes, please see this on your attachment: 

"However, GAAP does not apply to government entities."

Govt entities are actual Govt offices, like the Social Security office or Post Office with Govt employees.

I doubt any of those people are using QuickBooks or logging in here for answers for how to use QB.

What we do have here, are thousands of small businesses, who decide to bid on Govt contracts.

Meaning their customer is the Govt, could be Army, Navy, etc. that they provide goods or services to.

These companies are required to follow GAAP accrual-basis accounting as a prerequisite to being awarded a Govt contract, no matter how small they are, even as small as one owner/employee and

has been that way for the 40 years that I know for sure.  This is what I am always talking about.

ALL of my clients are Govt contractors.  I have done this work for 40 years so trust me on this part.

That is why I have always said I am not here to compete with you or steal your clients, you cannot 

likely help these companies since there are many other regulations they must follow.

I get many clients from this site who have been told they don't need to do GAAP because they were

told on this website they don't have to, that is why I come here to try to save them from audit issues.

I get plenty of clients either way, just hate to see small business owners misled, since this can cause 

them to not pass audit and not be awarded contract or have it taken away, which when they are new

and small can cause them to go out of business.