How I can change an accounting method from Cash to Accrual for Amazon Seller
I have a client who is Amazon FBA seller and he is operating two Amazon seller accounts under One LLC, Yesterday he asked me how we can change our accounting method from Cash to Accrual as my tax consultant is suggesting this change.
I have integrated his qbo with linkmybooks to automate the recording of settlements in qbo and I believe it is already on an accrual basis but my Question is What else I workflow I need to change for this client to shift him from Cash to Accrual basis?
Secondly, we are in October already so do I need to change historical transacction as well if we change his accounting method?
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