Which method of accounting does wave use?

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Idell Ferry asked a question: Which method of accounting does wave use?
Asked By: Idell Ferry
Date created: Sun, Aug 1, 2021 5:54 PM
Date updated: Thu, Jun 23, 2022 8:14 PM
Categories: Zoho books

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Wave offers both Accrual- and Cash-Basis reporting. All reporting in Wave defaults to Accrual-basis accounting but you can toggle to Cash-basis anytime you need from within your reports!Wave offers both Accrual- and Cash-Basis
Cash-Basis
The cash method of accounting, also known as cash-basis accounting, cash receipts and disbursements method of accounting or cash accounting (the EU VAT directive vocabulary Article 226) records revenue when cash is received, and expenses when they are paid in cash.
https://en.wikipedia.org › wiki › Cash_method_of_accounting
reporting
. All reporting in Wave defaults to Accrual-basis accounting but you can toggle to Cash-basis anytime you need from within your reports!

Wave offers both Accrual- and Cash-Basis reporting. All reporting in Wave defaults to Accrual-basis accounting but you can toggle to Cash-basis anytime you need from within your reports!

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