Accrual vs Cash Accounting
Does PestaRoo™ use accrual or cash accounting?
Most PestaRoo™ users are operated on a “cash” basis.
Can PestaRoo™ be used with our current accounting service which is accrual?
Yes. We suggest you speak to your accountant about the monthly reports he or she will require. PestaRoo™ has several reports that are designed to support their needs.
Does PestaRoo™ generate formal accounting reports like “Balance Sheet”, “P&L”, or “Trial Balance”?
No. PestaRoo™ is not a formal accounting program, and was not designed to be. PestaRoo™ was designed for maximum flexibility. Formal accounting software is, by design, rigid.