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H
howong
January 15, 2024
Question

Why does the statement of cash flows report default to accrual basis reporting?

  • January 15, 2024
  • 2 replies
  • 0 views
The Statement of Cash flows report has no criteria to specify cash-basis. It simply defaults to accrual. Yet my preference setting is cash-basis reporting.

2 replies

L
LeizylM
January 15, 2024

Let's work together to ensure that the report reflects the cash-basis reporting in QuickBooks Online (QBO),howong. 

 

We can perform some troubleshooting steps to fix this. There are times when the browser is full of frequently accessed page resources, which causes some errors or unusual responses. 

 

Let's try accessing your account through an incognito window to rule out the possibility of a webpage issue. You can refer to these shortcut keys to open an incognito window in all supported browsers:

 

  • Chrome: Ctrl+Shift+N
  • Firefox: Ctrl+Shift+P
  • Safari: Command+Shift+N

 

Once logged in, try to run a report. If it defaults to cash-basis, switch back to your regular browser. Then, clear its cache. This way, you can access QuickBooks with a clean slate. You can also use a different supported one.

 

In case you need to modify the details of your report in QBO, you can refer to these articles: 

 

 

Please let me know if there's anything else that I can help with your reports. I'm always here to assist. Have a great day!

H
howongAuthor
January 15, 2024

I've tried those steps and still get accrual view of the Statement of Cash Flows report. The accounting method is not an option for this report based on the UI available.

 

As well, I even tried injecting the parameter in the URL. I observed the Profit & Loss report URL uses a parameter called "cash_basis=yes" .. so I added that to the Statement of Cash Flows report URL. It still returns the accrual version so this parameter is not recognized unless they are using a different name. But as mentioned, accounting method isn't even an option in the UI for this report.

 

 

Rainflurry
Rainflurry
January 15, 2024

@howong 

 

The reason that you don't have the cash basis option for a cash flow statement is because a cash flow statement reconciles net income to net cash and those adjustments generally apply only to accrual basis adjustments.  On cash basis accounting, your net income is the same as your net change in cash so there's no need for a separate cash flow statement.  The net income on your P&L is your net change in cash.   

    S
    Shari17
    October 18, 2024

    I need this report to have the cash basis option. 

    I have used several different accounting systems designed for property management and the Cash Flow Statement will reflect either accrual or cash basis depending on the setting for the entity.

    The Cash Flow statement shows the transactions to the Balance Sheet account which I like. However, with the existing format of the report, the beginning Net Income does not tie in with the Net Income from the P&L because it is throwing in the Accounts Payable balance. There should be no Accounts Payable balance if all bills are paid and it is on cash basis accounting.

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