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WatermellonMan
December 11, 2018
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How to set company reports to default to cash basis instead of accrual?

  • December 11, 2018
  • 3 replies
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We use a cash basis system.  However, even thought I set the Summary Report basis to cash in the preference option,  My company reports always default to Accrual basis and I have to remember to change it in the settings option.  Is there a way to set that company reports default to cash?  Thank you

    Best answer by ShiellaGraceA

    Hi there jaccolon3,

    It's good to know that you're changing the Summary Report Basis from the Company Preferences.

    When you change the Summary Report Basis to Cash, all Company & Financial reports will default to Cash basis other than the Details report (Profit & Loss Detail, Income by Customer Detail, and Balance Sheet Detail). You'll need to manually change them to Accrual basis.

    Please let me know if you have any more questions I can help.

    3 replies

    S
    ShiellaGraceAAnswer
    December 11, 2018

    Hi there jaccolon3,

    It's good to know that you're changing the Summary Report Basis from the Company Preferences.

    When you change the Summary Report Basis to Cash, all Company & Financial reports will default to Cash basis other than the Details report (Profit & Loss Detail, Income by Customer Detail, and Balance Sheet Detail). You'll need to manually change them to Accrual basis.

    Please let me know if you have any more questions I can help.

    M
    MagnoliaPMG
    January 11, 2019

    I have the same problem. If a default is set to "cash" they should ALL default to "cash". It is annoying to have to manually change any report to a setting that should be global.  Also, in your answer, "You'll need to manually change them to Accrual basis.", I think you meant to say, "You'll need to manually change them to CASH basis."

     

    Thanks

      AlcaeusF
      AlcaeusF
      January 12, 2019

      Thanks for joining this conversation, @MagnoliaPMG.

       

      Allow me to step in for a moment and help make sure this is taken care of.

       

      I can see how this feature would be helpful for you and your business. Since this isn't currently an option to all reports in QuickBooks Desktop, I'm going to submit feedback directly to our Product Development team for consideration in future updates.

       

      QuickBooks is constantly evolving and I can assure you that your voice does matter, so I encourage you to submit feedback as well. Here's how:

       

      1. At the top menu bar, go to Help, then pick Send Feedback Online.
      2. Enter your request/product suggestion, then select Next.
      3. Click Skip and send a message, and choose Feedback as the Category.

       

      That should answer your concern for today. Please don't hesitate to post again or leave a comment if you have any additional questions. Take care and have a great weekend.

      J
      JayM2
      February 20, 2021

      This does not work in the QBO Accountant version. Tried multiple times to no avail.

        J
        JonpriL
        February 21, 2021

        Hello @JayM2,

         

        Let me walk you through the steps on how you can change the default accounting method of your reports.

        1. Go to the Gear icon.
        2. Under SETTINGS, select Company Settings.
        3. On the Accounting method section, select the Pencil icon.
        4. Select the appropriate reporting method you need.
        5. Click Done.

        Additionally, I've also included this reference for a compilation of articles you can use while working with us: Use accountant tools and features in QuickBooks Online Accountant.

         

        If you have any other questions, please let me know by leaving any comments below. I'll be here to lend a hand.

        J
        JayM2
        February 21, 2021

        I tried several times following exactly the steps you mentioned, but it's not working for me. Every report defaults to accrual.

          S
          stmnl7056
          August 23, 2021

          go to edit >preferences > reports and graphs> click on the company preferences, under summary report basis click on the radio button "CASH"

          M
          MagnoliaPMG
          August 23, 2021

          Thanks for attempting to help, but if you read the previous messages in the thread, you'll see that we already have set this option and it only affects some, but not all of the reports. In fact, some of the most important accounting reports ignore the setting and it still has to be set manually when you run them.  QB never fixed this issue, which is a simple item to programmatically fix (duh... a radio button default based on a preference setting). Instead, they ignored the issue in the desktop version.  Now that they have "retired" the non-subscription based application, it will never get fixed.  Shame on QB for ignoring things like this.

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