COUNT provides versatile reporting options, allowing you to choose between Accrual- and Cash-Basis reporting depending on your business needs. Here's everything you need to know about these reporting methods:

Accrual-basis reporting captures all transactions, including those that are due but not yet received or paid (Accounts Receivable/Payable). This method provides a comprehensive view of your business's financial performance over a given period.

On the other hand, Cash-basis reporting focuses solely on cash transactions, excluding any Accounts Receivable income or Accounts Payable expenses. This approach offers a simplified view of your business activity without considering outstanding payments.

In COUNT, our Cash-basis reporting encompasses cash transactions, credit card transactions, and other short-term and long-term assets and liabilities. Credit card transactions are included because they are treated as cash expenditures for tax purposes, impacting deductions at the time of purchase rather than payment. Similarly, other assets and liabilities reflect activity based on cash transactions, even if there is no immediate income statement impact.

To access Cash-Basis reporting in COUNT, navigate to the "Reports" section. Within the Profit and Loss and Balance Sheet reports page, you'll find a "Report Types" dropdown. From there, you can easily switch between Accrual and Cash Basis options, allowing you to tailor your reports to suit your accounting preferences.

With COUNT's flexible reporting capabilities, you can effectively track your financial performance and make informed decisions for your business. Explore Accrual- and Cash-Basis reporting in COUNT today and elevate your financial management experience!