Report: Profit and loss - Cash basis

I understand that there aren't any current plans to update the Reports available in LiveAccounts in the near future.

I PLEAD and BEG with you to make an exception to this and include;

1.  Profit & Loss Report on a Cash Basis, and

2.  Account Transactions on a Cash Basis

LiveAccounts would be the perfect solution for several of my clients except for these missing reports & hence I am hesitant to recommend they subscribe.  LiveAccounts is aimed at Small/Micro Business and the majority of these run on a Cash Basis for GST reporting etc..  The reports requested above are integral in assisting the business owners with planning & Cashflow management.

They are also extremely important in BAS & IAS reporting to verify information.  Determination of Cash Profit & verifcation of same is critical when determing variations to PAYG Instalments on a quarterly basis that some Accountants prefer/insist on to ensure a more accurate payment & reporting of PAYG obligations for the year, minimising the need for additional payments when the Tax Return is completed.

My clients need to record their Bills & Sales on an Accrual basis so that at any given time they can look into the Cloud (LiveAccounts) & see what is due, therefore, it is not practical to run LiveAccounts entirely on a Cash basis just to obtain the Cash reports, which is the only way I can see that they could be produced as it stands.

Please seriously consider including the above 2 requested Cash Basis reports in your next update.

Thank you