Forum Discussion

simonehart's avatar
simonehart
User
2 months ago

GST Reporting

Hi there,

 

We have recently switched from reporting our GST on a cash basis to an accrual basis to the ATO, how do we go about reconciling the difference for that initial reporting period?

 

Regards

accrual
ATO
BAS
Cash
GST

1 Reply

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  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    2 months ago

    Hi simonehart,

    Thanks for your post, and welcome to the Community Forum! After switching the Accounting basis, the initial reports will still reflect a cash basis. To change them to Accrual or remove the Cash Basis option, close the report and then rerun it. If you are uncertain about reconciling the transition or need additional guidance, it's recommended to seek advice from an accountant or tax professional who is familiar with MYOB and GST reporting requirements. For more details, please refer to this help page. Changing your accounting basis

     

    Feel free to post again, we're happy to help!

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

     

    Regards,
    Earl