How to revert accrual reports to cash for Individual Tax Return (ITR)

Modified on: Mon, 5 Dec, 2022 at 7:57 AM

You may import accrual-based accounts and convert them to cash basis. Click here "Why Accrual import?"

Go to your Individual Tax Return to adjust out current year accounts receivable &/or payable.

Step 1. Click "Business" tab

Step 2. Under "Business" tab go to "Business Income & Expenses"

Step 3. Under "Business Income & Expenses" you can see "Reconciliation items" section where in you can reconcile.

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