Forum Discussion

Experienced Cover User

6 years ago

Solved

Accrual/Cash

Hi there

Is it possible to run a Balance Sheet on a cash basis rather than accruals?

Thanks

Lani

ronatbas
6 years ago

LaniOUP GDay53

One of the problems with the QB model is that it gives a report tyhat is not a Balance Sheet. Flicking to cash basis in QBO removes the Receivables and Payables and you have a Balance Sheet that does not balance.
What numbers are you looking for as it may available from another report?

3 Replies

Replies have been turned off for this discussion

GDay53
Ultimate Cover User
6 years ago
LaniOUP

Welcome to the MYOB Community Forum, I hope you find plenty of useful information.

Simple answer is no.
The ONLY Cash based reports in MYOB are the two in the Small Business Entity under Accounts.
ronatbas
Ultimate Cover User
6 years ago

LaniOUP GDay53

One of the problems with the QB model is that it gives a report tyhat is not a Balance Sheet. Flicking to cash basis in QBO removes the Receivables and Payables and you have a Balance Sheet that does not balance.
What numbers are you looking for as it may available from another report?
LaniOUP
Experienced Cover User
6 years ago
Thanks for that.
It is a bit disappointing. With Quickbooks there is the ability to switch any report into cash/accrual as part of the filter before you run a report.
I'm surprised MYOB doesn't allow for that.
Lani

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Level up your skills using MYOB software.

Find help guides and technical solutions for all MYOB products here

Explore video tutorials for our software at the MYOB Academy here

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.

MYOB Academy