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Simplify payday and set payroll to run automatically on QuickBooks. Explore QuickBooks Payroll

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Replying to:
TirzahC
QuickBooks Team

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Hello, marie-saee-north.

 

I'll share some information about the cash versus accrual accounting method in the P & L report.

 

Profit and Loss report where you can see a summary of all the income and expense accounts used in recording your customer fees and payments.

 

The Cash basis report only shows income if you have received cash and expenses paid by cash. While the Accrual basis report shows income regardless of whether your customers have paid your invoices, expenses, and all your bills.

 

I've also added an article that talks about Accrual and Cash as an accounting method: Differentiate Cash and Accrual basis.

 

I’ve added these resources to guide you with filtering to get the data you need and saving it with its current customization settings:

 

 

Feel free to leave a reply in the comment section if you need further help with managing reports or anything else related to QuickBooks. I'll always be here to assist you. Wishing you all the best!

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