Forum Discussion

jcc012's avatar
jcc012
2 years ago

GST Balance Sheet not matching GST Summary, BAS adjustment

My Balance Sheet and GST summary are not matching. I am using the accrual accounting method. I know there have been deleted invoices and spend money's from the last quarter. I am assuming this is th...
MarkKawecki's avatar
MarkKawecki
2 years ago

This may sound obviously but I thought I was on the cash accounting method on all my reports but for some reason the Accrual method was selected for the GST report.  So worth checking this just in case.

 

Once I went back to Cash on the GST report, the balance sheet GST numbers were out by less than $2 on GST collected and spot on for GST paid.

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