Love the invoicing system. But an option for strictly cash-basis without workarounds would be nice. BTW simply saying "you should just use accrual" is kind of condescending to your customers. I'm a small one-man business. If I invoice someone for $1,000 and they take over a month to pay me, that is significant to my calculation for paying off debt, saving, or re-investing in my business. At the end of the month I still have to use an Excel sheet to determine my actual operating profit and what I can afford to pay to debt and savings.
Hey all! Thanks for your continued patience in this thread, and I'm really glad to be the bearer of good news! We've launched Cash basis reporting on most reports now, and you can find a really solid amount of information on that in this community thread here!
@mikem60 Definitely appreciate your context here. You seem to have come into this thread at a really opportune time Enjoy!
I'll be closing this thread out as we've deemed this solved, but if there are any further discussions you'd like to have around these cash basis reports, please feel free to follow up in the thread I've linked above!
Comments
Love the invoicing system. But an option for strictly cash-basis without workarounds would be nice. BTW simply saying "you should just use accrual" is kind of condescending to your customers. I'm a small one-man business. If I invoice someone for $1,000 and they take over a month to pay me, that is significant to my calculation for paying off debt, saving, or re-investing in my business. At the end of the month I still have to use an Excel sheet to determine my actual operating profit and what I can afford to pay to debt and savings.
Hey all! Thanks for your continued patience in this thread, and I'm really glad to be the bearer of good news! We've launched Cash basis reporting on most reports now, and you can find a really solid amount of information on that in this community thread here!
@mikem60 Definitely appreciate your context here. You seem to have come into this thread at a really opportune time
Enjoy!
I'll be closing this thread out as we've deemed this solved, but if there are any further discussions you'd like to have around these cash basis reports, please feel free to follow up in the thread I've linked above!