Invoices Reflect P&L When Paid
WACC
Member Posts: 1
Running a small chamber of commerce. We'd like the membership dues to post to the P&L when paid instead of when invoiced. Is there a work around for this?
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WACC
Member Posts: 1
Running a small chamber of commerce. We'd like the membership dues to post to the P&L when paid instead of when invoiced. Is there a work around for this?
Comments
@WACC,
When using invoicing, Wave as well as other accounting platforms post revenue when it is sent. At the moment Wave does not generate a cash basis income statement.
You can set up a separate profile for invoicing only and keep your current profile as strictly cash transactions.