Cash-basis Transaction Example

You may find it helpful to review an example of how a cash receipt is posted when you use the Cash-Basis Reporting feature.

Assume that you post a cash receipt file with payments totaling $10,996.81. On the accrual side, this transaction posts as a credit to account 111.00, AR - Clients. For cash-basis reporting purposes, you set up revenue account 401.00, Billed Fee Revenue, and mapped this account to account 111.00.

After you post the transaction, you run the Accrual General Ledger Posting Summary, which displays these amounts:

After you post the transaction, you run the Cash-Basis General Ledger Posting Summary, which displays these amounts: