The Accounting basis control selects how an available statement is read. Review whether the result is Cash or Accrual before comparing it with another report. The same period can produce different figures under different bases because the underlying recognition differs.
If the company's basis is not recorded, the report asks you to choose one to read the statement. That selection does not change the company's books. Confirm the intended treatment with the person responsible for accounting before using the report for a decision.
Keep the basis consistent when comparing periods or sharing exports. A label that only says 'profit and loss' is incomplete if one reader uses Cash and another uses Accrual. Record the basis with the company, source and date range.
Some specialized reports have a fixed basis. Tagged profit-and-loss, balance-sheet and General Ledger reports use Accrual, while their cash-flow view retains reviewed cash-activity allocations. Read the report's own description rather than assuming a basis choice on another screen applies everywhere.
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