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CYBER MONDAY SALE 70% OFF QuickBooks for 3 months* Ends 12/5
Buy nowHello, I tried this and it didn't work, but I figured out why. When QBO was started, it was started by someone else who set it as Accrual but it's much easier for us to use a Cash based system, even though we have inventory. We are a small shop and have no employees, and all invoices are paid within a day or two of being sent. I changed the accounting method in the advanced settings sometime last week as I have never filed taxes before (we just opened) so I figured I should change it to Cash before filing. When I toggle the P&L report back to accrual, my inventory sales show up in the COGS. This is great! But how can I get it to show when I'm used Cash based accounting as that is what I prefer to use going forward?
Thank you!