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ekmungai / eloquent-ifrs

Eloquent Double Entry Accounting with a focus on IFRS Compliant Reporting
MIT License
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This is Cash basis or accrual basis system #149

Closed b2bexecutives closed 11 months ago

b2bexecutives commented 11 months ago

Hi @ekmungai

Dear this package belongs to which accounting system (Cash basis or accrual basis)

Best regards

ekmungai commented 11 months ago

Hi there,

Exellent question. Being IFRS compliant, the package is accrual basis accounting as cash basis is not allowed by the standard. All execpt the cashflow statement of course.

Cheers.

b2bexecutives commented 11 months ago

Thanks you @ekmungai;