Reports Cash Basis
Cash basis reports
Reports Cash Basis module provides financial reports using cash basis accounting method.
System calculates revenue and expenses based on actual cash receipt/payment timing, complying with tax requirements of some countries.
Cash Basis
Tax Reporting
Cash Accounting
Compliance
Key Features
Key points
• Cash basis reports
• Cash basis tax calculation
• Cash basis P&L and Balance Sheet
• Convert from accrual to cash basis
• Tax compliance
Accrual vs Cash Basis
Comparison
| Method | Revenue Recognition | Expense Recognition |
|---|---|---|
| Accrual Basis | When invoice issued | When bill received |
| Cash Basis | When cash received | When cash paid |
Best Practices
Key points
• Use when tax requires cash basis
• Check reconciliation for accuracy
• Compare with accrual basis to understand differences
• Use for cash flow planning