I am not an accountant but use QuickBooks for my HOA management business and plan to use if for Bicycle Longmont's accounting. As I understand it (real accountants, please correct me if I am wrong), the "jump" is very easy with QB as there is no difference in the set-up and reporting can be done as either cash or accrual by a simple selection during report generation.

Tom Dettloff

On 12/27/2011 2:30 PM, Jonathan Morrison wrote:

Who does cash basis vs. accrual accounting? We are thinking of making the jump from cash to accrual, but wanted to get some feedback first.

Sincerely,

Jonathan Morrison
Executive Director
Salt Lake City Bicycle Collective
2312 S. West Temple
Salt Lake City, UT 84115
w: 801-328-2453
c: 801-688-0183
f: 801-466-3856
www.slcbikecollective.org

The mission of the Salt Lake City Bicycle Collective is to promote cycling as an effective and sustainable form of transportation and as a cornerstone of a cleaner, healthier, and safer society. The Bicycle Collective provides refurbished bicycles and educational programs to the community, focusing on children and lower income households.
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