Cash basis conversion report
Step by step procedures to remove Accounts Receivable and Accounts Payable from QuickBooks Cash Basis Balance Sheets.
Troubleshooting A/R and A/P Balances on Cash Basis Balance Sheets
Each year, especially at year-end or tax-time, Accountants and ProAdvisors get calls about why QuickBooks Cash Basis Balance Sheets contains Accounts Receivable (A/R) or Accounts (A/P) balances since cash basis balance sheets should not show A/R or A/P balances. Intuit never meant for the Balance Sheet to be used for cash basis reporting and certain transactions cannot be off-set properly during the process of converting transactions which make use of A/R and A/P to cash basis reporting.
The following are some of the transaction types that result in QuickBooks misstating cash basis balance sheets: