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July 8, 2022
Question

Why accrued P&L report is showing invoices from previous months ? I would like each p&l monthly report to show only invoices created for that month

  • July 8, 2022
  • 1 reply
  • 0 views
currently when I create a report for April for examples, I see all invoices created jan, feb and march regardless if paid or not

1 reply

JessT
July 8, 2022

Hi team-supervillas,

 

This happens when the date of the payment is in April and your accounting method is set to Cash basis.

 

In a Cash basis accounting, the income from invoices (whether dated in the previous month or not), is realized when they are paid. Therefore, if the payment dates of those invoices are in April, the income is reported in April. This article explains how an accounting method affects your reports: Choose between cash and accrual accounting methods in QuickBooks Online.

 

 

Let me know if you have any other concerns with your report. I'll be around to continue to help. Take care and enjoy your weekend!