Q: Will this work with Cash accounting and single entry, or does it only work with double entry with the option of Cash reports?
renee68Oct 1, 2022
Founder Team
brianc
May 15, 2024A: Hello yes, Cheqbook is by default a Cash accounting software. Deposits and expenses are recorded as the hit your respective institutions. Most accounting software is always double entry, but "hides" the other side. For example you make a single entry in the check register for say rent, and you think you only entered it as rent, but it's also in the check register.
Hopefully that answers your questions.
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