“When you switch to accrual AR invoices are counted as revenue on the date of the invoice and therefore that will change prior numbers.”

Typically, this is compensated for by either filing a “short year tax form” or by Manually closing the accounting and making adjustments as needed.

“- so anything that […]

Resolution for 'AR invoices issue: 'After 9 years on the cash basis we want to switch to accrual basis. What is the best way to do this- Start a new instance of QB so as not to change previous year data?' available: Yes.

The AR invoices 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 AR invoices issue yourself by looking for a resolution described in the article. If it is a complex AR invoices issue or you are unable to solve the issue, you may contact us by clicking here or by using other AR invoices support options.

For more information about resolving issues related to AR invoices in Quickbooks/QBO or to get support for the issue 'After 9 years on the cash basis we want to switch to accrual basis. What is the best way to do this- Start a new instance of QB so as not to change previous year data?', click the link below: