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Use export options for journal entries

  1. Select
    File
    ,
    Export
    , then
    Journal Entries
    .
  2. Select
    Options
    .
  3. Choose a
    Basis
    :
    • Accrual
      : recognizes revenue when it's earned and expenses when incurred. Revenue is recognized when the invoice is generated.
      Accounts Receivable
       is debited and a revenue account is credited.
    • Cash
      : doesn’t recognize revenue until cash is received. The accounting firm records revenue when they receive cash from the client. Cash is debited and a revenue account is credited.
  4. For
    Base billed Time & Expenses on
     and
    Base net Progress Bills on
    , choose one of the following:
    • Activities
      : to use the
      GL account number
       assigned to the activity on the
      Activities setup
       screen.
    • Engagements
      : to use the
      GL account number
       assigned to the engagement on the
      Engagement Templates setup
       screen.
    • Summarize
      : to override the
      GL account number
      . Enter the
      GL account number
       in the additional field.
  5. For
    Base Taxes on
    , choose one of the following:
    • Taxing Authorities
      : to use the
      GL account number
       assigned to the activity on the
      Taxing Authorities setup
       screen
    • Summarize
      : to replace the
      GL account number
      . Enter the
      GL account number
       in the additional field.
  6. In the GL Account Assignments section, enter a
    GL account number
     to use for each of the following:
    • Receipts
      :
      • Accrual method
        : All receipts entered, less
        Non-sufficient Funds
         and
        Credit Card Returns
        .
      • Cash method
        : All receipts that have been applied, less
        Non-sufficient Funds
        .
    • Accounts Receivable
      :
      • Accrual method
        : Debits for period - credits for period.
      • Cash method
        : N/A.
    • Service Charges
      :
      • Accrual method
        : Total of all service charges posted.
      • Cash method: Total of payments applied to service charges.
    • Credit Memos
      :
      • Accrual method
        : Total of all credit memos entered.
      • Cash method
        : N/A.
    • Debit Memos
      :
      • Accrual method
        : Total of all debit memos entered.
      • Cash method
        : Total of payments applied to debit memos.
    • Write Offs
      :
      • Accrual method
        : Total of all write-offs entered.
      • Cash method
        : N/A.

This article applies to:

  • PRODUCT: Practice CS
  • Subject: Reports