Balance Sheet in Accrual

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Elasticity
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Balance Sheet in Accrual

How do I convert Balance Sheet reporting to Cash Mode. It seems stuck in Accrual Mode. Does it make any difference?

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MYOB Moderator Steven_M
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Steven_M
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Re: Balance Sheet in Accrual

Hi @Elasticity

 

Welcome to the MYOB Community Forum, I hope you find it a wealth of knowledge

 

MYOB Essentials allows for the Balance Sheet to be run on an accrual basis. 

You might want to review the discussion on MYOB Essentials Idea Cash Basis Reporting for Balance Sheet which outlines why a cash Balance Sheet isn't included in the MYOB Essentials platform.


Kind Regards,
Steven
MYOB Client Support
Ultimate Partner Seattle
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Re: Balance Sheet in Accrual

@Elasticity @Steven_M

 

I would not use a Cash based Balance Sheet.

 

It is important in my view for Tax Return Preparation that Receivables and Payables are shown on the Balance Sheet.

 

Duncan 

Duncan Smith
Business Advice + Tax
Helping business owners build a better business since 1998
E expressgst@optusnet.com.au T 02 9904 3672 7 days
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