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Moving from Accrual to Cash Basis for 5500 and other year-end reporting

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Hello All-

Our firm is considering changing methods from Accrual to Cash Basis for 5500 and year-end valuation reporting.  Is there anyone out there with experience who can provide any tips on how best to do this?  I have worked on a cash basis previously, but would like to explore any pitfalls of making the switch from accrual to cash. Trying to make the transition go as smoothly as possible. Any advice is greatly appreciated! 

Thank you!

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