How to Configure Cash Basis in Odoo 16 Accounting | Odoo 16 Enterprise Edition

Configuring Cash Basis in Odoo 16 Accounting involves setting up the accounting settings to track income and expenses based on cash flow rather than accruals. Here is a brief description of the steps involved:
1. Navigate in the Accounting module in Odoo 16 go to the Configuration settings
2. Under the Accounting tab, select the option for "Accounting Basis" and choose Cash Basis
3. Set up the journal entries for cash transactions by creating a new journal or modifying an existing one
4. Configure the cash basis accounts for each transaction type (i.e., sales, expenses, refunds, etc.) by linking them to the appropriate journal.
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Verify that the accounts are properly set up by running a cash basis report to ensure that the income and expenses are recorded based on the actual cash inflows and outflows.
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[@colinlowe8811]

Not sure if you noticed. but reconciling by manual operation is defaulting to temporary tax account and not on the paid/collected account. before it used to just go straight to the paid/collected account. so we are supposed to change it from the temporary tax account to the paid/collected account manually?

[@cybrosys-technologies]

no need to do it manually. In the configuration setting, the account for which the cash basis tax need to record can be specified as the 'Base Tax Received Account'. The tax amount will be recorded in the temporary account when the invoice is posted. once the payment has been done the tax amount will be posted from the temporary account to the account mentioned as 'Base Tax received Account'.