Accrual, receivables and classes
Command reports: switch to accrual, see who owes you and whom you owe, and view your profit by class.
Cash or accrual
On Command, the Income Statement and Balance Sheet have a Cash / Accrual switch, and so does the profit card on your dashboard.
- Cash
- Income counts when the money arrives, and expenses when you pay them.
- Accrual
- An invoice counts as income when you send it, and a bill counts as an expense from its bill date. Your balance sheet then shows what customers owe you and what you owe.
Opening a line, By month and By class work on Cash. Cash Flow is the same either way.
Receivables and Payables
Receivables lists unpaid invoices by customer, and Payables lists unpaid bills by vendor, as of today. Each groups them by how late they are: Current, 1-30 days, 31-60 days, 61-90 days, and Over 90 days.
Profit by class
If you use classes for departments, locations or lines of business, the Income Statement on a computer has a By class view, and a Class filter to show one class (or No class).
Account numbers
Once you number your chart of accounts (Accounts & Categories, then Edit numbers), the numbers appear before each line on your reports and in your exports.