Accrual vs. Cash-Basis Reporting

SystemSystem Posts: 359 admin

imageAccrual vs. Cash-Basis Reporting

Wave offers both Accrual- and Cash-Basis reporting. All reporting in Wave defaults to Accrual-basis accounting but you can toggle to Cash-basis anytime you need from within your reports!
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edited June 17, 2020 in Help Center Discussion

Comments

  • patmpatm Member Posts: 1

    Configuring the default to cash-basis under account preferences would be ideal.

  • BarsinABarsinA Administrator Posts: 1,535 admin

    Hey @patm

    Thanks for this feedback. Our system typically operates on Accrual, but I understand how fewer clicks makes a program far pleasing to use. Thanks again.

  • natsnats Member Posts: 1

    I agree with Patm.. It's annoying having to change it every time. Sometimes I forget and I get the wrong data.

  • LPLLPL Member Posts: 1

    yes, would be nice to be able to establish a default for your business. I have several businesses using separate wave accounts with most operating on cash basis an one on accural. having to adjust this each time is both an extra (unnecessary) step and can lead to providing incorrect reports if it is missed.

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