Organization Options


 

Set General Ledger Accounting Method

 

Overview

This article will show you how to set your General Ledger Accounting Method

There are two Accounting Methods

  • Accrual: Recognizes revenue even if the balance is due
  • Cash: Only recognizes revenue when payment is received

Instructions

  1. Navigate to Configuration > Organization > Organization Options
    configuration_financial_settings_organization_options.jpg
  2. In the Search Settings box, search for General Ledger Accounting Method
    general_ledger_accounting_method_search_options.jpg
    • Note: Search results will populate automatically.
  3. Use the drop-down menu to select Cash or Accrual
    general_ledger_accounting_method_select_cash_or_accrual.jpg
  4. Click Save Settings
    general_ledger_accounting_method_save_settings.jpg



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