Does a labor organization have to change its bookkeeping from modified cash basis to accrual?
A. No. There is no change to the accounting and recordkeeping basis of the forms. Q. Currently we are on a cash base accounting system. How do we change to a hybrid base accounting system, i.e. accounts receivable, accounts payable (taxes withheld but disbursed) and still maintain the integrity of our accounting system? A. Statement A has always required the reporting of accounts receivable and accounts payable. You may track these items outside your cash base accounting system.
