By default, NetSuite provides reports on an accrual basis to meet generally accepted accounting standards. We can choose to use a cash basis for the report data. The choice is applied only to reports where the distinction is relevant. We can modify this default globally for all relevant reports or individually for each report.
To change the default globally, use the Cash Basis Reporting preference at Setup > Accounting > Preferences > Accounting Preferences on the General Ledger subtab. Enabling this preference causes all standard reports that support cash basis reporting to be on a cash basis rather than accrual basis.
Reports that currently have access to the Cash Basis box are the following reports:
- Account Detail
- Cost by Customer Detail
- Budget vs. Actual
- Budget Income Statement
- Budget Income Statement Detail
- Income Statement
- Income Statement Detail
- Customer Profitability Detail
- Customer Profitability Summary
- Purchase by Item Detail
- Purchase by Vendor Detail
- Purchase by Item Summary
- Purchase by Vendor Summary
- Sales by Customer Detail
- Sales by Item Detail
- Sales by Promotion Detail
- Sales by Sales Rep Detail
- Sales by Partner Detail
- Sales by Partner Summary
- Sales by Customer Summary
- Sales by Item Summary
- Sales by Promotion Summary
- Sales by Sales Rep