One of my staff made an adjustment that did not show up in a cash basis trial balance but did on accrual basis. She had mistakenly picked an AR account as the first line of the adjustment. Interesting though, when we moved the first line to the last line of the adjustment, it showed up on both cash and accrual. The true solution was to pick a none AR account, but I thought this insormation would be useful
Entry does not how up in cash basis statement
Feb 20, 2010
1 Replies
This is a known problem with QB. One suggestion that I have seen is to create a bank account called "Journal Entries". Use this as the first line of every journal entry with $0. This gets the A/R or A/P account off of the first line of the adjustment and avoids this problem.
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