Help center

Cash or accrual: reading Income and Expenditure

Where to find it

Open Accounts. Use the Cash and Accrual switch at the top of Income and Expenditure.

Cash

Counts income when money is received, and expenses when they are paid. It shows what you actually had.

Accrual

Counts income when you send an invoice, and expenses when they happen. It shows what the business earned in the month.

Charter payments

When you confirm a charter payment, the trip and invoice are created. A fully paid invoice counts on both views. A refunded charter is cancelled and no longer counts.

Tip

Look at cash to run the week, and accrual to judge the month. Ask your accountant which one you need for tax.