Why Depreciation Expenses show on my Cash Mode P&L?

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Why Depreciation Expenses show on my Cash Mode P&L?

Hi there,


I don't know why depreciation exps show on P&L statement when I set it in the Cash mode.

I thought depreciation only shows on Accrual basis.

Can someone please explain for me?


Thanks a lot.

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Re: Why Depreciation Expenses show on my Cash Mode P&L?

Hi @QTL 


Thanks for your post. Reports that are run on a Cash basis will include transactions with a payment made/received date in that filtered date range. In terms of General Journals, these will be reported according to the date of the journal entry.


If a depreciation journal includes a profit and loss account (Income, Cost of Sales or Expense) it will appear in the Profit and Loss report. This is to be expected as depreciation is an expense of the business and therefore should be included in the Profit and Loss be it on an accrual or cash basis.


Please let me know if you need further help.


If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Previously @bungy15

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