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Overview
When running reports on a "Cash Basis" you must first run the Convert to Cash Utility. To get to the utility, go to General Accounting> Chart of Accounts> Tools (toolbar)> Convert to Cash. The Convert to Cash utility populates the Cash Based Journals (Receipt & Disbursements) at the point of running it.
Key Concepts
| • | Description - By running the Convert to Cash utility,you are able to do the following: |
| o | Accounting information can be reported based on accrual and cash figures. |
| o | Accrual figures are automatically kept in real time and require no calculation. |
| o | Cash figures updates are based only on the last time the conversion process from accrual to cash was executed. |
Note: Accrual figures are maintained separately and are not impacted by this process. Cash reporting is available for the General Ledger, Trial Balance, Financial Statements, and three journals (Receipts, Disbursements, and General Journal).
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