QB Issue Resolution:
If you’re on an accrual basis, you recognize income when you make the sale/record the invoice. If you’re on a cash basis, then you recognize income when you receive payment for your sales.
Unless this is your first tax year of doing business, you will have already decided on how you report your income, and should continue with that method this year.
Resolution for Issue 'Accounts Receivable and Taxes?' available: Yes (Solved).
Source: Intuit Community forum.
Accounts Receivable and Taxes?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for accounts payablereceivable
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Error Recovery for accounts payablereceivable [Canada]
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