As a charity with a small turnover we do our accounting on a receipts and payment basis rather than accruals. Each time I want to check our actual position against our YTD budget and at year end I have to manually work everything out by taking away invoices where we haven’t received payments, which involves a lot of work as they need to be split by nominal accounts to match the categories we use for our budget and accounts. …so the question is, is there an easy way to do this?
At the moment we do not have Cash Flow reports, you could obtain ‘Paid In Full’ reports from the invoice and purchase management area and export the report to excel:
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