accruals to cash GST reporting

Jendee
3 Posts
Cover User
Australia
Jendee
Cover User

3Posts

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accruals to cash GST reporting

Hi

we have just changed from accruals to cash for GST reporting.  Is there an easy way to do a report on payments received (for July to September), which identifies the invoiced date (invoices prior to July were included in June quarter BAS on an accrual basis and need to be excluded)

2 REPLIES
Ultimate Partner Seattle
1,443 Posts
Ultimate Partner
Australia
Seattle
Ultimate Partner

1443Posts

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Re: accruals to cash GST reporting

@Jendee

 

Seek assistance from your Tax Accountant or BAS Agent.

 

It may be that the first BAS under the Cash method is calculated manually.

 

The GST Accounts on the Balance Sheet should be reconciled each time a BAS is prepared.

 

Duncan

Duncan Smith
Business Advice + Tax
www.businessadviceplustax.com.au
Helping business owners build a better business since 1998
E expressgst@optusnet.com.au T 02 9904 3672 7 days
Ultimate Partner ronatbas
4,128 Posts
Ultimate Partner
Australia
ronatbas
Ultimate Partner

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Re: accruals to cash GST reporting

@Jendee

 

I recently responded to the same query for an AE user here:

http://community.myob.com/t5/AccountRight-Getting-started/Accrual-to-cash-AccountEdge-Pro-v13-5-Rele...

 

The accounting behind my response does not alter but to do it essentials you will need to call up the unpaid invoices report and the unpaid bills report for 30/6/17.

 

 

Ron B
BAS Group
03 95588477

info@basgroup.com.au
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