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A
Asya
January 19, 2020
Question

accruals basis how to set

  • January 19, 2020
  • 1 reply
  • 0 views

Hi it seems that i have a cash basis in the quickbooks, as my only transaction when i received cash, has been added to the business income. However, i had an invoice date 31/03/2019 that was paid in april only, so how can i add it to my 2019-2020 income? 

1 reply

Jen_D
Jen_D
January 20, 2020

Hello there, @Asya,

 

You have the option to record the payment manually in QuickBooks Self-Employed. Make sure the date falls on the reporting period to ensure the accurate amount reflects the Income.

 

To do that, go to the Transactions tab and enter the details of the payment. Make sure the Category selected is Income and the Date is correct. See this:

 

Let me know if there's anything else I can help you with QBSE. I'm here to provide further help whenever you need anything. Have a nice day!

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