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Cash Basis Accounting

Any news on cash basis accounting? My client has just switched to Quickfile and needs to continue with cash basis accounting due to the nature of her business. When will this be an option?

Hi @JGood

This isn’t something that’s currently supported, but we’ll let you know if we introduce this.

All reporting is currently accrual based, with the exception of VAT returns which can be either cash or accrual.

Hi @QFMathew, is there any update on the cash basis accounting? I found how to set it up for VAT but I am not sure how the year-end accounts work for this matter at the moment.

And in case this feature is still not present, what is an effective workaround for having the correct figures in the reports?

Hi @gamnlifestyle

Unfortunately, there aren’t any changes here. QuickFile is accrual-based only for accounts.

However, this user guide may be of interest: How to create a cash based Profit and Loss Report

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