Convert Accrual basis reporting into Cash Basis for tax purposes, using Dynamics 365 Financials

This blog and the video in the link below refer to the blog published last week by my colleague Fred Boothe. In that blog he explains the differences between Accrual basis reporting and Cash Basis reporting for tax purposes.

In the following video I will show how to use Dynamics 365 Financials, and its Account Schedules functionality, to convert the Accrual basis recording in the G/L Accounts, into Cash Basis reporting without posting any G/L entries.

If you are familiar with Accrual basis reporting versus Cash Basis reporting and its relations to tax purposes, please continue and watch this video. If you are not entirely sure, or if you want to know more about its backgrounds, I encourage you to first read  Fred’s blog before you watch my video.

Here is the link to my YouTube video

#Taxes #ProjectMadeira #AccountSchedules #Cashbasis #Reporting #Accrualbasis

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