In QBO, Cash Flow Forecast beginning balance is based on accrual basis accounting method. And, it is fixed. No way to change it from accrual to cash.
If you are running the Balance Sheet and Profit & Loss reports, you will need run on accrual basis as well to match with Cash Flow Forecast report?
For detailed instructional guide regarding these topics, you can also checkout our YouTube videos published for new QuickBooks Online users.
QuickBooks Online (QBO) Tutorial – Customer Invoice, Sales Receipt, Receive Payment, Bank Deposit
New QuickBooks Online Plus – How to enter various expenses in new QBO?
Like us ~ Subscribe us.