accpac simply accounting 9.0 Benutzerhandbuch

Chapter 28:  Cash-Basis Accounting 

 

 

User Guide    28–1 

 

SW9UG 28-29.doc, printed on 1/8/02, at 4:28 PM. Last saved on 1/6/02 11:52 AM. 

The most common way to keep accounting records is with 
accrual-basis accounting. With this method, revenues and 
expenses are recognized when they are incurred. It doesn’t 
matter whether you have received or made payment. 

Accrual-basis accounting gives you a more accurate picture of 
your business. If you make a large sale or purchase, this is 
immediately recorded in your accounts. 

In cash-basis accounting, however, revenues and expenses are 
recognized only when an item is paid. Your accountant may 
recommend you use this system for tax reasons. 

 

In Canada, cash-basis accounting is more often used by people 
whose business is farming or fishing, and by non-profit 
organizations, such as charities. 

 

In the United States, cash-basis accounting is more often used by 
small companies that sell services. 

Cash-basis accounting slightly alters the following transaction 
windows: 

■ 

Purchases, Orders, and Quotes 

■ 

Sales, Orders, and Quotes 

 

When you enter an invoice that will be paid later, the Record 
button replaces the Process button. This change is a reminder 
that Simply Accounting stores the information but does not 
change any account balances.