Sage 50 US Ideas Portal

Toggle back and forth between cash basis and accrual basis of accounting

If you can't create this feature can you at least have an option to permanently switch from cash to accrual without having to re-create all the companies data. I would definitely pay to switch because whomever started our company choose a cash basis and it should not have been selected. It should have been accrual. Every business pays taxes basis on a cash basis of accounting and every business has their financial statement on an accrual basis of accounting. Having this feature would save companies a tremendous amount of time so they do not have to do the calculation of cash to accrual.

  • Sean Cove
  • May 22 2025