GST settings

[DelpClem]

I am trying to check GST settings for our business, when i go to business settings it shows that i have chosen Yes for us being registered for GST and that we report quarterly, nowhere does it show whether i have set up cash or accrual method?  I am concerned as i have been trying to print reports and have stumbled across what i think is an issue as some of our accounts appear under cash method and some under accrual which is not correct - help!

[Komal_S]

Hi @DelpClem 

In Essentials, you can only specify reporting basis for GST and not accounting basis because GST is lodged online which means that the return will be prefilled from the information based on what you've specified in the ATO settings. If they are wrong, you will need to contact the ATO to have these updated.

In regards to comparing the BAS return with reports in the software, you will have to manually change the reports to your accounting basis to ensure they are being compared correctly. 

Feel free to reach out should you have further questions on this. 

[DelpClem]

Maybe I didnt ask clearly, but that didnt help address my query, where can i find the field where i set the preference for accounting method to either cash or accrual?

And why dont i see all of our accounts when i go into reports, general ledger report (see screen shot below), I have selected period as current financial year but there are 2 accounts that do not show so I cant check transactions ??  The other accounts are liability accounts and both definitely have transactions in the current financial year ?

[Komal_S · Accepted solution]

Hi @DelpClem 

The accounting basis, cash, or accrual can only be selected for certain types of reports. The option shown underneath lets you choose the accounting basis for a specific report: 

All the other reports, for example, the General ledger, which do not have an option to select an accounting basis are accrual-based by default and there is no way of changing that. Please also note that there's no setting to change the accounting basis for all the reports at once. 

In regards to your second query of certain liability type accounts not appearing in the report, can you check if they are displaying properly by clicking on Expand All option? If not, send us the account code numbers, your serial number, and a screenshot of at least one transaction coded to that account code by Private Message so we can investigate further.