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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:
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Allows users to view both cash and accrual-based Profit and Loss (P&L) and Balance Sheet reports in real time.
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Improves financial decision-making by offering a comprehensive overview of the business's financial status.
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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