If I’m not wrong, Manager is using cash basis as default. How can I change the setting to accrual basis? If default setting is accrual basis, how can I use it? Please guide me.
Manager’s default mode is accrual accounting. Where there is a difference, such as with the Profit and Loss Statement or the Balance Sheet, you choose accrual or cash basis when you create the report. You can also edit a particular report to make a different selection. The dropdown selection box is in the top right corner of the editing screen.