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The Cash Method of Accounting

Cash Accounting differs from Accrual or Modified Cash systems in several key areas. In Cash Accounting you can choose to track Soft Costs when you enable the Track Soft Costs in G/L feature. You can also choose to track Hard and Soft Costs in the same G/L account or track them in different G/L accounts when you enable the Separate Hard and Soft Client Costs feature. Refer to the following links for information about how the program posts entries to the G/L when you take the following actions:

• Work with Expense Recoveries in Cash Accounting - Overview
• Work with Hard Costs in Cash Accounting
• Work with Soft Costs in Cash Accounting
• Enter a General Check (Cheque) in Cash Accounting
• Create a Bill in Cash Accounting
• Apply a General Retainer in Cash Accounting - Overview
• Receive a Payment in Cash Accounting - Overview
• Write Down a Bill in Cash Accounting - Overview
• Create a Payable in Cash Accounting
• Process a Payable in Cash Accounting