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Nov 20, 2022 2:53 AM UTC
Question

In the QBO app, can I set the P&L report to be accurals and not cash?

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1 reply

Nov 20, 2022 4:31 AM UTC

Hello there, @John11.

 

Currently, we're unable to change the Profit and Loss (P&L) report from cash method to accrual in the QuickBooks Online (QBO) app. However, we can change your web browser settings. This way, the P&L report in the QuickBooks app will update.

 

Here's how:

 

  1. Go to the Gear icon.
  2. Under Your Company, select Account and settings.
  3. Click the Advanced tab.
  4. Select the Accounting edit pencil icon.
  5. Click the Accounting method drop-down arrow, then choose Accrual.
  6. Hit Save, and then Done.

 

Visit this page to learn more about the cash and accrual methods: Differentiate Cash and Accrual Basis.

 

Let me know if you have other questions about changing accounting settings in QuickBooks. I'm more than happy to help. Take care.