How do I switch the accounting basis from Cash Basis to Accrual Basis?

CAUTION: Use caution when working with the below product functionality. Always create a backup of your data before proceeding with advanced solutions. If necessary, seek the assistance of a qualified Sage business partner, network administrator, or Sage customer support analyst.

 Note: Do not turn off cash basis accounting for the sole purpose of making a specific accrual-based entry as this will update all your accounts to an accrual basis

1. Verify the company is in single-user mode.
   • Click on File, Switch to Single-user Mode
2. Make a backup of your company before making any change to the accounting basis.
   • Refer to How do I create a backup?
3. Go to Setup, Settings, Company, System.
4. Deselect Use Cash Basis Accounting option.
5. Select OK and all outstanding cash basis entries are processed and related accounts are updated as of the session date.
   • Do not mix cash and accrual entries in the same time period as the result of changing accounting methods.