USING THE CASH ACCOUNTING METHOD, CAN I MOVE SOME RECEIVABLES INTO THE PRIOR YEAR? I HAVE MANY EXPENSES LAST YEAR AND I DO NOT WANT MY RECEIVABLES TOO HIGH FOR THIS (2022) YEAR
02361
2 Replies
MaryK4
Expert Alumni
Mar 9, 2022 1:07:59 PM
No if you use the cash method, you must report all income and expenses in the year received.