PSA L&P - Accounting Basis: How to change from cash basis accounting to accrual basis

How to change from Cash Basis Accounting to Accrual Basis

ParishSOFT must make this change for you. 

If you change to an accrual basis, the software will treat all the transactions in the data base as if they were always on an accrual basis

For example, in a prior fiscal year any unpaid bills in the system at month-end will show a debit to the expense account and a credit accounts payable.  Therefore, prior period financial statements may be restated.

If you would like to change your accounting bases from Cash to Accrual, please contact support.


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