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đ„ Ever seen âUnapplied Cash Bill Payment Expenseâ on your P&L and felt personally attacked?
Youâre not alone â but you are probably running Cash Basis reports with some âgoofyâ dates. Here's your spicy cheat sheet to stop letting QuickBooks make your books look wild:
đ Watch your dates
If Larry the Computer Guy canât figure out why heâs getting paid before he does the work, it might be time to fix the bill dates.
âïž Rename the nonsense
âUnapplied Cash Bill Payment Expenseâ? Nah. Try: "Bills Paid Before Bill Date." It wonât fix the issue, but at least itâll make you feel like you have control.
đ Accrual > Confusion
Want it gone? Switch your P&L to accrual basis. Still confused? Just remember: cash basis is for taxes, accrual is for actually understanding your business.
đ„ Your books should tell a story â not a horror story.
đ„ Join our Bookkeepers On Fire Community to connect đ€, collaborate đŹ, and thrive đ with like-minded professionals who are passionate about bookkeeping, accounting and business growth.
Join us here: Bookkeepers On Fire Community
Bookkeepers On Fire is proudly ad-free and 100% listener-supported, so we can bring you unfiltered conversations without outside agendas. If you enjoy the show, consider donating to help keep our mics hot and our mission independent.
đ„Donate with Venmođ„  đ„Donate with PayPalđ„
 #BookkeepingHumor #QuickBooksOnline #CashBasisDrama #AccrualCoolKids #AccountingWithSpice #WatchYourDates #TeamReade
By Deb Kilsheimer & Donna Reade5
1010 ratings
đ„ Ever seen âUnapplied Cash Bill Payment Expenseâ on your P&L and felt personally attacked?
Youâre not alone â but you are probably running Cash Basis reports with some âgoofyâ dates. Here's your spicy cheat sheet to stop letting QuickBooks make your books look wild:
đ Watch your dates
If Larry the Computer Guy canât figure out why heâs getting paid before he does the work, it might be time to fix the bill dates.
âïž Rename the nonsense
âUnapplied Cash Bill Payment Expenseâ? Nah. Try: "Bills Paid Before Bill Date." It wonât fix the issue, but at least itâll make you feel like you have control.
đ Accrual > Confusion
Want it gone? Switch your P&L to accrual basis. Still confused? Just remember: cash basis is for taxes, accrual is for actually understanding your business.
đ„ Your books should tell a story â not a horror story.
đ„ Join our Bookkeepers On Fire Community to connect đ€, collaborate đŹ, and thrive đ with like-minded professionals who are passionate about bookkeeping, accounting and business growth.
Join us here: Bookkeepers On Fire Community
Bookkeepers On Fire is proudly ad-free and 100% listener-supported, so we can bring you unfiltered conversations without outside agendas. If you enjoy the show, consider donating to help keep our mics hot and our mission independent.
đ„Donate with Venmođ„  đ„Donate with PayPalđ„
 #BookkeepingHumor #QuickBooksOnline #CashBasisDrama #AccrualCoolKids #AccountingWithSpice #WatchYourDates #TeamReade

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