A business may adopt the cash basis of accounting for taxation purposes even though it sells and purchases goods and services on credit and records the transactions into Manager. If the main purpose for using Manager is to meet taxation obligations and the cash basis can be adopted for taxation purposes the business operator may disregard the accrual basis reports that reflect the financial position and performance of the business more accurately than cash basis reports.
It would be helpful if the accounting method could be selected for each column in the financial reports. This would enable a financial report to show cash and accrual figures next to each other for comparison purposes.