This Quick Topic will cover two different methods of calculating net income on the cash basis for Unanet Financials customers.
What’s covered in this document:
- Title: Accrual to Cash Basis Net Income in Unanet Financials
- Accrual basis versus Cash basis of accounting?
- What are the high-level steps required to convert financial statements from Accrual basis to Cash basis?
- Use Cases
- Method 1 - Use a Refreshable Web Query
- Method 2 - Use a Separate Legal Entity in Unanet to display the Cash-Basis Income Statement
- Additional Information and Sample Documents