Thank you for visiting our Partner Zone. This area is an exclusive space for MYOB Partners. Find out how to Partner with MYOB.
July 2018
July 2018
Solved! Go to Solution.
July 2018
July 2018
Hi @SMM
You mentioned that the GST report you are using is a cash-based report, the Balance Sheet report is an accrual-based report. As these are two different accounting methods you are likely going to find a difference in values as it is like you are comparing apples and oranges.
July 2018
July 2018
Thanks Steven. I'm aware of that. As I said though, we only use spend Money to pay bills. So the 2 figures should match.
July 2018
July 2018
Hi @SMM
So, in theory, assuming all transactions were recorded as Spend Money transactions (which record the payment at the time of recording the transaction) you could run the General Ledger Detail report for that particular account. You could compare this with the GST [Detail - Cash] for the same period and identify transactions that are not recorded in the General Ledger Detail report that are in the GST Detail report or vice versa.
Although, it should be noted that you are comparing an accrual basis and a cash basis reports so you are comparing two different accounting method based report. As such other considerations do need to be taken into account for example transactions recorded outside of the period that are impacting the account balance.
July 2018
July 2018
Thanks Steven. I'll give that a go.
1
|
281
|
|||
4
|
400
|
|||
18
|
984
|
|||
19
|
1373
|
|||
1
|
640
|