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Enabling "Cash Basis" under More options of an Income statement
Enabling "Cash Basis" under More options of an Income statement provides the same result for "Revenue" and other "Expense" accounts even if the "Cash Basis" option was unchecked. How does "Cash basis" option determine what transactions to include or not include when it is checked on an income statement.
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What is the impact of setting Tax Reporting Cash Basis to true?
IN "Set up Tax" preference page, there is a check box for Tax Reporting Cash Basis. My expectation is if I create a customer deposit from sales order, the tax is already recognized since we already received cash. But when I test in Sandbox, the tax is still in Invoice record. So what is the actual impact of this check box?…
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Cash Basis Reporting: How to exclude Write Offs?
I recently found out that my cash basis reports include AR invoices that we are written off. For some reason the system shows them "Paid in Full" but they are never paid. Is there a way to exclude them?