MYOBCommunity
Partner Zone
|
|
Partner Zone

accruals to cash GST reporting

This thread is now closed to new comments.
Some of the links provided in this thread may no longer be available or relevant.
If you have a question please start a new post.
Jendee
3 Posts
Cover User
Australia
Jendee
Cover User

3Posts

0Kudos

0Solutions

accruals to cash GST reporting

Hi

we have just changed from accruals to cash for GST reporting.  Is there an easy way to do a report on payments received (for July to September), which identifies the invoiced date (invoices prior to July were included in June quarter BAS on an accrual basis and need to be excluded)

2 REPLIES
Ultimate Partner DuncanS
1,576 Posts
Ultimate Partner
Australia
DuncanS
Ultimate Partner

1576Posts

1277Kudos

143Solutions

Re: accruals to cash GST reporting

@Jendee

 

Seek assistance from your Tax Accountant or BAS Agent.

 

It may be that the first BAS under the Cash method is calculated manually.

 

The GST Accounts on the Balance Sheet should be reconciled each time a BAS is prepared.

 

Duncan

Duncan Smith
Business Advice + Tax
Helping business owners build a better business since 1998
E expressgst@optusnet.com.au T 02 9904 3672 7 days
Ultimate Partner ronatbas
4,455 Posts
Ultimate Partner
Australia
ronatbas
Ultimate Partner

4455Posts

3212Kudos

701Solutions

Re: accruals to cash GST reporting

@Jendee

 

I recently responded to the same query for an AE user here:

http://community.myob.com/t5/AccountRight-Getting-started/Accrual-to-cash-AccountEdge-Pro-v13-5-Rele...

 

The accounting behind my response does not alter but to do it essentials you will need to call up the unpaid invoices report and the unpaid bills report for 30/6/17.

 

 

Ron B
BAS Group
03 95588477

info@basgroup.com.au
Making MYOB work for you
Didn't find your answer here?
Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post