Owed profits not to be included in profits

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Hi. Just doing my accounts for 2016-17. I noticed from my profit and loss sheet that the quickfile program has worked out my profit including monies that are owed but not yet paid by some clients or only partially paid. I would rather only have my accounts worked out according to what I have actually received in this tax year rather than including what I am owed. I have forgotten the term for this and how this can be adjusted in the Quickfile program. Can someone please advise me on this. Many thanks

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Hi @alexmorley

What you’re seeing is correct. QuickFile works on an accrual basis which means income is counted at the time of an invoice being issued.

There isn’t a way to change this unfortunately.

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