Clarification on whether Qoyod operates on a cash basis or accrual basis, as Qoyod operates on accrual basis only.
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That is, revenues and expenses are recorded at the time of invoice issuance regardless of the payment date.
Important Notes
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Cash basis is not available in the system
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Financial reports are based entirely on the accrual principle.
Frequently Asked Keywords:
- Does Qoyod operate on cash basis or accrual basis?
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We work with a cash basis system and when reviewing the income statement, invoices and revenues appear in the income statement?
