In April 2011 you mentioned "I will add the option to file the P&L using cash based accounting soon and add this as an option in the business settings.".
Has this been done as I can't find where to change to cash based accounting from the accrual method.
Thanks ... Ray
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#1 Posted by Admin Support staff on 04 Mar, 2013 11:11 AM
Sorry Ray, this hasn't been developed yet. I don't have any timescales yet I'm afraid.
Mark closed this discussion on 26 May, 2013 08:21 AM.
Admin re-opened this discussion on 11 May, 2015 02:57 PM
#2 Posted by Admin Support staff on 11 May, 2015 02:57 PM
Hi Ray,
I know it's been a long time, and I don't know if you're still using Easy Books or not. I hope you are obviously! If you're not, please just disregard the rest of this email.
You asked about whether Easy Books could support cash based accounting. This feature has recently moved to first place in our priority list and it's going to be delivered in the next few weeks. The app will now adjust the Profit & Loss report, making adjustments to the income and expense amounts shown in order to remove the value of unpaid invoices.
All the best,
Mathew
#3 Posted by ray on 12 May, 2015 01:46 AM
Hello Mathew,
Good to hear from you. Yes I still use Easy Books and have been manually adjusting invoice dates to run P&L reports. Glad I wan’t have to do this any more.
Thanks for making the requested update and I look forward to using it. I have also recommended this great software to a number of my small business clients.
Thanks for following up.
Regards … Ray
Admin closed this discussion on 12 May, 2015 09:52 AM.
ray re-opened this discussion on 20 May, 2015 12:41 AM
#4 Posted by ray on 20 May, 2015 12:41 AM
Hi Mathew,
Cash based reporting seems to work OK. Thanks for the new feature.
Regards … Ray
On 12 May 2015, at 11:36 am, Ray <[email blocked]> wrote:
Hello Mathew,
Good to hear from you. Yes I still use Easy Books and have been manually adjusting invoice dates to run P&L reports. Glad I wan’t have to do this any more.
Thanks for making the requested update and I look forward to using it. I have also recommended this great software to a number of my small business clients.
Thanks for following up.
Regards … Ray
#5 Posted by Admin Support staff on 20 May, 2015 06:33 AM
I'm glad you like it, I hope it saves you a lot of time when you next have to prepare your accounts for year end.
Mathew Waters
Easy Books - Bookkeeping for iOS and Mac
Admin closed this discussion on 01 Dec, 2015 07:56 AM.