Cash basis income statement

Use the Cash basis income statement in Menu > Reports to review income, expenses, and net income for a selected period based on when cash is received or paid. It excludes unpaid invoice and vendor bill amounts that have not yet been recognized on a cash basis.

Run the report

1. Open Menu > Reports. In Search by report or description, enter the report name and press Enter.
2. Select Cash basis income statement.
3. Select Change date range, choose the reporting period and comparison, and apply the change.
4. Optionally filter by Account or Account type.
5. Review income, expenses, and net income. Select an amount to open supporting detail when a link is available.
6. To download the report, select More actions > Export as PDF or Export as Excel (.xlsx).

How the report is calculated

The report groups cash-basis amounts by income and expense account for the selected period. Income is included when cash is received, and expenses are included when cash is paid. Unpaid invoice and vendor bill amounts are not included as cash-basis income or expense. Net income is total income minus total expenses.