Skip to main content
P
Pastries
Level 1
February 4, 2023

Accounting method

  • February 4, 2023
  • 2 replies
  • 6 views

I am trying to figure out what type of "accounting" I should chose on my general information page for my small business.  I have the choices of Cash, Accrual or Other.  Can anyone give me some tips on what or how to chose this option?

    This topic has been closed for replies.

    2 replies

    R
    rcooley25
    Level 7
    February 4, 2023

    If your accrual income is more than accrued expenses then go with cash. Why pay taxes on profits you have not received yet. If your accrued expenses is more than accrued income then that is a different story.

      qbteachmt
      qbteachmt
      Level 15
      February 4, 2023

      "should chose on my general information page for my small business."

      Which software program are you using: ProConnect, Lacerte or Pro Series?

      Is this the first tax year filing for this business?

      Are you subject to Sales Taxes? If so, what have you been using on those filings all this time?

      What Basis are you using inhouse?

      What does your CPA tell you to do?

      How much business do you do each year: examples are $5,000 or $50,000 or $5million.

      Have you read what the IRS tells you to use?

      Don't yell at us; we're volunteers
      Terms & ConditionsAccessibility statement
      Tax software
      Intuit Lacerte Tax
      Intuit ProConnect Tax
      Intuit ProSeries Tax
      Referral Program
      Workflow add-ons
      Intuit Tax Advisor
      Hosting for Lacerte & ProSeries
      eSignature
      Protection Plus
      Pay-by-Refund
      Intuit Link
      Accounting solutions
      QuickBooks Online Accountant
      QuickBooks Accountant Desktop
      EasyACCT
      Training & support
      Training Center
      Learn & Support
      Resources for starting a tax practice
      Tax Pro Center
      How to get started offering advisory services
      Call Sales: 833-564-8436
      Sitemap
      Turbotax icon creditkarma icon QuickBooks icon Mailchimp icon
      About Intuit Join Our Team Press Room Affiliates and Partners Software and Licenses

      © 2026 Intuit Inc. All rights reserved.

      Intuit, QuickBooks, QB, TurboTax, ProConnect, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

      By accessing and using this page you agree to the Terms and Conditions.

      Terms and Conditions About cookies Manage cookies
      Legal Privacy Security
      TRUSTe
      Products
      T1 Tax Module
      T2/CO-17 Tax Module
      T3 Tax Module
      T4, T5 & Other Tax Forms
      Tax Suites
      Single Returns (OnePay)
      ProFile 20
      QuickBooks Online Accountant
      Pricing
      Pricing & bundles
      Free trial
      Learn
      Getting started
      Training
      Webinars & events
      Support
      Download & activate
      Community & support
      System requirements
      Refer a friend
      Call sales: 1-844-861-3600
      Manage cookies

      © 2026 Intuit Inc. All rights reserved.

      Intuit and QuickBooks are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

      Legal Privacy Contact Contact
      Logiciels
      Logiciel d’impôt T1
      T2/CO-17 Tax software
      Logiciel d’impôt T3
      T4, T5 et autres formulaires fiscaux
      Suites Fiscales
      PayezPourUN
      ProFile 20
      Signature Intuit pour ProFile
      QuickBooks en ligne Comptable
      Prix
      Prix et offres groupées
      Essai gratuit
      Apprentissage
      Démarrage
      Formation
      Webinaires et événements
      Soutien
      Télécharger et activer
      Communauté et soutien
      Exigences système
      Recommandez un ami
      Appeler les ventes : 1 800 943-9834
      Paramètres des témoins

      © 2026 Intuit Inc. Tous droits réservés.

      Intuit et QuickBooks sont des marques déposées d’Intuit, Inc. Les modalités, les fonctions, le soutien, les prix et les options de service peuvent être modifiés sans préavis.

      By accessing and using this page you agree to the Terms and Conditions.

      Nos offres d’emploi Contactez nous Renseignements juridiques Confidentialité