Curious – my accountant just told me I had to use the accrual
method because I keep an inventory (must track cost of goods sold,
inventory, etc.). I am totally ignorant of tax matters but this
seemed reasonable. I have started using Quickbooks as my software,
to track accounts in inventory, cost of goods sold, etc.
Why do you say “unfortunately, was classified . . . as using the
accrual method”, Susan?