Hybrid accounting

Question

Hi all - we use AccountRight for our reporting but our client ledgers are with third party software. In that third party software the accounting is flagged as hybrid accounting and that date is exported to MYOB. &nbsp; When I run the MYOB gst reports and Profit &amp; Loss reports in both accruals and cash, the figure are both the same. &nbsp; Have I missed a setting somewhere? &nbsp; Thanks&nbsp; (I think I posted this query in the wrong section earlier, so apologies if it has been duplicated)

komal_s · Answer

Hi&nbsp;DT775&nbsp;
&nbsp;
AccountRight is accrual-based, and generating accrual and cash-based reports would differentiate in the figures between 2 reporting methods. If both the reports are the same, it would indicate that all the invoices in the system are closed (i.e. payment has been applied to them).
If there are still open transactions in the system, run the reports to that date and check if the figures are then different.&nbsp;

Forum Discussion

Hybrid accounting

1 Reply

Looking for something else?

Related content

Connected Accounts - Getting Started

Connected Accounts

accounting plus v17

Account transactions report

3 Things Connected Accounts Can (and Can’t) Do for You

Inviting accountant

Hybrid Sale layout type gives error that layout is not hybrid - error 1009

Header Account with Account Balance but No Detailed Accounts