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LaniOUP's avatar
LaniOUP
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's avatar
    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?

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  • GDay53's avatar
    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's avatar
    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's avatar
    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

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