Help › Bookkeeping
Switch between cash and accrual reporting
Talisk keeps a full accrual ledger and lets you present it either way:
- Accrual counts income and expenses when you invoice or get billed.
- Cash counts them when the money actually moves.
For a single report: open Ledger › Reports and use the Accrual / Cash toggle at the top of the P&L: it also drives the Expenses and Tax Summary reports. This override lasts for your session.
To set your book's default: open the book in Ledger › Setup, and in the book editor set Reporting Basis to Cash (count income/expense when paid or Accrual) count when invoiced/billed. Most small businesses file cash-basis. Reports then open on that basis, and your quarterly GST/HST worksheet is timed to match.
Good to know: The basis is a presentation choice only: your books always post on accrual
underneath, so switching never changes a journal entry. The Balance Sheet and
Trial Balance are always accrual and ignore the toggle, and a cash-basis
figure is exact only for the portion you've reconciled to the bank.