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May 11, 2020
Question

How to do both cash and accrual based invoices ?

  • May 11, 2020
  • 1 reply
  • 3 views
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1 reply

Level 2
May 11, 2020

Hello @yakesh-khanna ,

 

I'm curious as to why you would want to use both methods (which, I don't believe is possible in QBO or any other system that I know of).  There is only one method of accounting acceptable in Canada for most businesses; that is accrual.  Cash accounting method is limited to farmers, fishermen, and self-employed commission sales agents.

 

I hope that answers your question.