If you set up your company on a cash basis, QuickBooks' summary reports, which cover groups of transactions, including profit and lost summaries for a set period of time, are produced on a cash basis.

When your business is established as a cash-basis operation in Quickbooks, the Accounts Receivable account does not appear on the Balance Sheet reports. There are no receivable or pay.

If you own a small business, chances are good you've used, or at least heard of, QuickBooks, the bookkeeping software from Intuit designed specifically for small business. To help our small-busines… ...