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Créé le 2 nov. 2013

Disqus Agexpert Accounting Questions Archive

Why when I pay for something..ie paid for Agronomy services on AgriCard. I post that as a payable charge and an expense for consulting. Why doesnt it show up on my income/expenses until I pay the AgriCard?

  • RÉPONSE
    10 fév. 2025

    In the reports console. choose accrual instead of cash as the Method and you will see your Agronomy Services expense. The accrual statement reports income that has been recorded as receivable charges and expenses that have been recorded as payable charges. The cash statement only shows income and expenses as they have been paid. If the AgriCard is a form of credit card, then I suggest it be set up as a credit card rather than a payable account (supplier account). You can then also do reconciliations on the credit card.

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