Irene2805
Expert Alumni

Business & farm

You'll have to check with your CPA to see what he meant by "modified accrual."

 

OR, if you wish to switch to cash basis accounting, you can file Form 3115 - Application for Change in Accounting Method with the IRS.  The TurboTax Business program does include this form.  For Form 31115 instructions,p lease click this link:  Instructions for Form 3115