I am trying to do the accounting for my company and ran into an issue. I am using QuickBooks. I have accounts receivables but it is not showing up on my balance sheet. Any suggestions?

ANSWER

Expert Michael Lim's Answer:

 You are most likely showing the Balance Sheet on the Cash Basis.  You will need to turn on the option to show it on the Accrual Basis for the accounts receivable to be shown.

You can do this as follows:

Edit menu > Preferences > Reports & Graphs > Company Preference tab > Select the Accounting Method

Hope this helps.

Michael Lim, CPA

California

16 yrs experience

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128 Ans.