CustomBooks™ Product Perks: September 2025 - Cash Basis, Overview

CustomBooks™ Product Perks: September 2025 - Cash Basis, Overview

CustomBooks™ Product Perks: September 2025 - Cash Basis, Overview


Unlock Smarter Cash Flow Insights with CustomBooks™

The upgraded Cash Basis accounting features in CustomBooks™ give you more control and clarity than many competitors can offer:

  • The guided and interactive “Cash Basis Mapping Tool” aids users mapping cash basis equivalent accounts.

  • We offer a choice of two different cash variants: “Cash with Inventory” and “Cash without Inventory”.

  • More options: Select either Cash and/or Accrual in Journal Entries.

  • Run Reports in either Accrual or Cash method - see the differences between these two powerful accounting methods.

By using Cash Basis in CustomBooks™, accurately see all the cash in your business in real time. 

 

Quick Method Overview:

With Cash Basis accounting, income and expenses are recorded only when money changes hands. Revenue is recognized when you receive payment, and expenses are recorded when you pay them. This gives you a straightforward view of your cash flow.

With Accrual Basis accounting, income and expenses are recorded when they are earned or incurred, regardless of when the money is actually received or paid. This approach matches revenue with related expenses and provides a clearer picture of long-term financial performance.

With CustomBooks™, you don’t have to choose just one - run both methods side by side and see the full picture.

 

For more in-depth information visit these Knowledgebase Articles:

https://help.custombooks.com/portal/en/kb/articles/cash-basis-method-of-accounting

https://help.custombooks.com/portal/en/kb/articles/cash-basis-method-of-accounting-overview-of-technical-accounting

 

See CustomBooks™ upgraded Cash Basis in action now:




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