Goldenseal Accounting Software-- Cash Accounting

Cash Accounting

Does Goldenseal handle cash accounting?

Sure. You don't need to do anything special to use Goldenseal for cash accounting (which bases expense on when the expense is paid for, and income on when it is received).

Goldenseal uses bank transactions to calculate amounts for cash accounting. Cash basis income happens when you deposit sales or project income. Cash basis expenses happen when you write a check to pay for them (or use a bank payment for cash purchases, credit card and debit card charges and electronic funds transfers).

To see a report of cash income and expenses, choose Financials from the Reports menu, and choose Income Statement from the submenu. Enter a date range and click the Update button to see cash income and expenses during the period.

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