For companies sourced from QuickBooks, it is possible to change the method from Cash to Accrual or from Accrual to Cash. It is currently not possible to change between Cash and Accrual accounting for companies sourced from Xero or MYOB.

For Xero and QuickBooks sourced companies, to determine the accounting method used in Fathom, go to ‘Step 2 - Company Profile’ of the company’s Settings.

QuickBooks

When a company is sourced from QuickBooks, all of the reports that we receive are formatted with respect to the company settings (Cash or Accrual) in QuickBooks. 

You can change the method from Cash to Accrual, or from Accrual to Cash, by going to the company settings in QuickBooks and heading to the 'Accounting Method' property under 'Company'. After making the change in QuickBooks, update the company in Fathom (in 'Step 1' of Settings) to reflect your results in the new chosen method.

QuickBooks Online Advanced

For companies sourced from QuickBooks Online Advanced, changing the accounting can be done by going to the company settings in QuickBooks Online Advanced and selecting ‘Advanced’.

From there, you can set the ‘Accounting Method’ to ‘Cash’ or ‘Accrual’. After making the change in QuickBooks Online Advanced, you then need to update the company in Fathom (in ‘Step 1’ of Settings) to carry over the change into Fathom.

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Xero

Right now, we are not able to provide cash-basis reporting from Xero. Xero has only recently provided the ability for third party add-ons like Fathom to retrieve the cash-basis data.

This functionality is on our development roadmap, and we are working to build this out on our end.

Feel free to send us a message at support@fathomhq.com to let us know you'd like to see this feature in Fathom!

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