Hi everyone. With GST, we went from cash to accrual based. There was a manual adjustment made when lodging the next BAS. Now my Tax information reconciliation report does not balance. Can this be rectified? Copy of the report attached .
Hi RRS,
Thanks for including a screenshot in your post.
The difference usually means something has been posted straight to the GST Collected or GST Paid accounts, often after a manual adjustment or journal.
Since you changed from cash to accrual, I’d check:
If you find one, that entry may need to be reversed or recoded, then run the report again.
If you’re not sure about changing a lodged BAS entry, it’s best to check with your accountant or BAS agent first.
Regards,
Genreve
Hi Genreve
Thank you for your reply, greatly appreciated.
It definitely is related to a payment made to ATO re the change from cash to accruals. What I don't understand is how I correct the report. There were additional payments / refunds needed, where else would this be coded?
Alison
