Question: If a client is on a cash basis, how should you enter beginning Accounts Receivable? Assume that you are using the Forms method to enter
If a client is on a cash basis, how should you enter beginning Accounts Receivable? Assume that you are using the "Forms" method to enter the opening balances.
ACash basis clients cannot use QuickBooks
BRecord all open invoices on the original date using the original items
CRecord all invoices as Sales Receipts using an item linked to Opening Balance Equity
DRecord one lump sum invoice on the Start Date using an item linked to Opening Balance Equity
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