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A/R and A/P Balances Showing in QuickBooks Cash-Basis Reports

Understanding QuickBooks Cash-Basis Reports

We often receive queries from readers who don't understand why they see A/R and A/P balances when they select "Cash Basis" in the QuickBooks Balance Sheet report. One reader recently wrote, "I don't understand what's wrong. I run two companies and in one company the cash basis balance sheet shows A/R and A/P balances and in the other company they aren't listed. Have I done something wrong in configuring the company file that's showing these balances?"

If you are tracking inventory, and any receivables or payables involve inventory items, QuickBooks includes those transactions in cash-basis reports.

 

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