The two bases
Accrual: income is invoices dated in the month, whether or not paid; expenses are dated when incurred. It answers "what did the building earn". Cash: income is payments dated in the month, whatever month the invoice was for; expenses are dated when paid. It answers "what money moved". Most small Philippine lessors file on a cash basis; most owners think in accrual.
What the platform does
The P&L is on the cash basis: every payment is income in the month it arrived, split across the invoice's own lines and measured before tax, so a part payment counts in its own month. There is no switch. Deposits are in neither — they are liabilities.
Reading the gap
Accrual minus cash for a month is roughly what was billed and not yet paid — your receivables growth. Positive and growing month after month means collection is slipping even if billed income looks healthy. Negative means old debts were paid down.
Which your accountant wants
Ask once. If your accountant files on accrual, every invoice carries its issue date, and that is the column they need. If you are VAT-registered, the invoice basis matters for output VAT; if you pay percentage tax on receipts, cash matters.
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