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Cash & Accrual Based Reports

Docyt offers users who have access to business reports to real-time syncing and instant switching between cash and accrual views.

Feature Overview:

Docyt now allows users to download Profit and loss (P&L) and Balance Sheet statements in cash and accrual accounting formats.

This functionality is located under Business Reports > Basic Reports and supports real-time synchronisation. Users can easily toggle between cash and accrual basis reports to meet their specific reporting requirements.

Previous Challenge:

Previously, users had to switch between QuickBooks Online (QBO) and Docyt to compare cash and accrual-based reports. This new feature eliminates that hassle by allowing users to access both types of reports directly in Docyt, saving time and improving efficiency.

Addressing Challenge:

Users can now toggle between cash and accrual-based reports within Docyt, eliminating the need to switch between platforms.

Advantages of the Feature:

  1. Allows users to view both cash and accrual-based Profit and Loss (P&L) and Balance Sheet reports in real time.

  2. Improves financial decision-making by offering a comprehensive overview of the business's financial status.

  3. It minimizes the need to rely on third-party accounting software for comparing reports.

Steps to Access Reports:

1. Log in to Reports>Financial Reports>Basic

2. Select either the Balance Sheet or Profit and Loss (P&L) statement to toggle between cash and accrual accounting formats.

3. Select the format as per the requirement.

4. The user may also download/export the reports in