Thank you for the information. The one thing I don't understand is where you suggest receiving payment for the invoice. If I receive a payment for the invoice t...
TeriReading your responses I can understand why you would think it is accrual. We are actually doing cash basis for both accounting and taxes. Unfortunately it ...
qbteachmtI did confirm that our taxes were reported on a cash basis. Based on your scenario it sounds like the accountant is right that the money needs to be co...
Thank you to everyone that has responded to my post. You are all super knowledgeable and I appreciate all of it. I am going to have to try to read this very car...
