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report-grdeliver
Level 1
posted
‎August 11, 2020 10:31 AM
last updated ‎October 05, 2020 8:05 PM

Hi, I accrued payroll and make manual entry in journal: Payroll Expenses Debit $500, A/P Credit $500. But in Income Statement by Cash Method I see $500 expenses. Why?

 
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1 Comment 1
JasroV
QuickBooks Team
QuickBooks Team
‎August 11, 2020 12:15 PM

Hi, I accrued payroll and make manual entry in journal: Payroll Expenses Debit $500, A/P Credit $500. But in Income Statement by Cash Method I see $500 expenses. Why?

Nice to see you here in the Community space, @report-grdeliver.

 

Allow me to share some insights about creating Journal Entry (JE) in QuickBooks Online (QBO). JE doesn’t stick to cash or accrual method when running a report, it’ll post regardless of what accounting method you use.

 

I got you these amazing articles that you can read to learn more about using JE and the difference between cash and accrual accounting method:

Additionally, I’ve added this article that you can check anytime you need to customise a report to show the information you need the most: Customise reports in QuickBooks Online.

 

I’m more than happy to help you out again if you have other follow-up questions for QBO account. Have a great day ahead. 
 

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