Cash basis: I have rent expense which will be due on 1st of every month but the payment will be done before 10th. now i want to book the expense when itz due without making payment.
If you report on cash basis, you can not
but if you report on accrual basis, then enter the bill as of the 1st, pay it when you wish, the expense is booked in accrual accounting as of the date of the bill
Resolution for 'Cash basis issue: 'I have rent expense which will be due on 1st of every month but the payment will be done before 10th. now i want to book the expense when itz due without making payment.' available: Yes.
The Cash basis 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 Cash basis issue yourself by looking for a resolution described in the article. If it is a complex Cash basis issue or you are unable to solve the issue, you may contact us by clicking here or by using other Cash basis support options.
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