Assets don’t show up in the Income Statement (P&L).

They do show up in the Balance Sheet.

Sorry, I spoke to soon, as there is no way through account selection to 
generate a cash-basis Income Statement while using the Business Features.

The posting date of the invoice is when the Income accounts are credited. 
(which is what is reported on the Income Statement along with Expenses)

Solution:

Don’t post your invoices till paid. You can create an invoice, send it to a 
client, then when they remit payment, first, post the invoice in the period of 
the payment, then apply the payment. For existing invoices, yes, you’ll have to 
unpost them, no tragedy there save a few clicks.

Regards,
Adrien

> On Jul 31, 2019, at 11:19 AM, Rich Shepard <rshep...@appl-ecosys.com> wrote:
> 
> On Wed, 31 Jul 2019, Adrien Monteleone wrote:
> 
>> If you want a cash-basis Income Statement, you’ll need to modify your
>> included accounts in the Accounts tab of the report’s Options.
> 
> Adrien,
> 
> It's not working. The 'defaults' selection colors all accounts blue (except
> for a couple), but while ctrl-left-click on the A/R account turns that white
> it still appears in the income statement under Assets -> Accounts
> Receivable.
> 
> Is there another way to exclude that account?
> 
> Regards,
> 
> Rich

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