Watch Your Dates
🔥 Ever seen “Unapplied Cash Bill Payment Expense” on your P&L and felt personally attacked?
You’re not alone — but you are probably running Cash Basis reports with some “goofy” dates. Here's your spicy cheat sheet to stop letting QuickBooks make your books look wild:
You’re not alone — but you are probably running Cash Basis reports with some “goofy” dates. Here's your spicy cheat sheet to stop letting QuickBooks make your books look wild:
🔍 Watch your dates
If Larry the Computer Guy can’t figure out why he’s getting paid before he does the work, it might be time to fix the bill dates.
If Larry the Computer Guy can’t figure out why he’s getting paid before he does the work, it might be time to fix the bill dates.
✏️ Rename the nonsense
“Unapplied Cash Bill Payment Expense”? Nah. Try: "Bills Paid Before Bill Date." It won’t fix the issue, but at least it’ll make you feel like you have control.
“Unapplied Cash Bill Payment Expense”? Nah. Try: "Bills Paid Before Bill Date." It won’t fix the issue, but at least it’ll make you feel like you have control.
đź“Š 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.
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.
💥 Your books should tell a story — not a horror story.
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🔥 Join our Bookkeepers On Fire Community to connect 🤝, collaborate 💬, and thrive 🚀 with like-minded professionals who are passionate about bookkeeping, accounting and business growth.
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#BookkeepingHumor #QuickBooksOnline #CashBasisDrama #AccrualCoolKids #AccountingWithSpice #WatchYourDates #TeamReade
