Accounting Cheat Sheet
The Profit and Loss (P&L) report shows the performance of the company over a specific period (usually the current year).
Accrual and Cash Basis Methods
CPABooks supports both accrual and cash basis reporting. This allows you to report income / expense at the time transactions occur (i.e., accrual basis), or when payment is made or received (i.e., cash basis).
CPABooks allows one to manage several companies within the same database. Each company has its own chart of accounts and rules. You can get consolidation reports following your consolidation rules.
Users can access several companies but always work in one company at a time.