Cash Basis Financial Statements

[Former Member]

Does anyone know if there is a way to generate financial statements on a cash basis in SBO either within the product (such as XL Reporter) or through an add-on?

[Former Member]

I am not sure what you define Cash Basis Financial Statements exactly. However, if you just want system to show cash account transactions, it will not be that difficult by any tools.

Please clarify what is your definition of Cash Basis Financial Statements.

Thanks,

Gordon

[Former Member]

I am referrring to the method of accounting in which income and expense items are recorded and recognized when cash is received or disbursed which is the opposite of accrual basis accounting.

[Former Member]

If that is the case, it will not be easy. Please check this link:

http://www.allianceonline.org/FAQ/financial_management/what_is_difference_between.faq

Thanks,

Gordon

[Former Member]

If you're referring to cash basis that we use in upstream oil and gas environment then the cash basis treatment is by usage of JVA module and recovery indicators. The reports however are a mix of accrual with the take out of working capital which makes the basis of billing to be 'cash'

this topic is quite heavy and I suggest you get a good JVA consultant to discuss it with.

rgds,

[Former Member]

Thanks Gordon;

That is a good representation of what Cash basis reporting is. However, I am looking for a solution to do this in SAP Business One.

Regards

[Former Member]

Thanks Azrin;

I was not referring to upstream oil and gas. Gordons post above is a representation of what I am looking to have SAP Business One do.

Regards

[Former Member]

In my opinion, you have to use quite a few UDT, UDF, FMS or by SDK to define you every single transaction. That may not be realistic to do.