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amd87 · 04-07-2008, 05:13 PM

You either use cash or accrual per accounting period.-- if you wish to change - you request permission to change from IRS for next accounting period.-- Unless you use a hybrid method--but for the same time frame for the same accounts you may not switch from cash to accrual in the same period.

04-07-2008, 05:13 PM	#2 (permalink)
amd87 Status: n00b Join Date: Mar 2008 Posts: 24 Credits: 345	You either use cash or accrual per accounting period.-- if you wish to change - you request permission to change from IRS for next accounting period.-- Unless you use a hybrid method--but for the same time frame for the same accounts you may not switch from cash to accrual in the same period.