Cash Basis balance sheet for MYOB Accountright

christine123 · June

Hi there,

Can MYOB generate balance sheet in cash basis? If do so, how can we make it step by step?

Many thanks!!

Julie_A_C · June

MYOB only generates the P&L on a cash basis as well as accruals.

Julie Carter AIPA, BBus(Acctg),
MYOB Professional Partner, Registered BAS Service Provider
Associate Member of Institute of Public Accountants
Member Association of Accounting Technicians
ph: 0417 927 654 email: accuratebooks7@gmail.com
JAC' of All Trades Bookkeeping (Servicing from Leederville to Pinjarra, Fremantle to Armadale WA)

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Sean_DC · June

Hi @christine123

As @Julie_A_C mentioned, there are cash and accrual GST reports and Profit & Loss reports. You can still run a balance sheet in cash basis in the web browser (app.myob.com for online files), but we still recommend accrual since cash basis has a known case of pulling up an out-of-balanced result.

Please feel free to post again. I'm happy to assist further.

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Cheers,
Sean
Also known @Sean_DC

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