cash or accrual?

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Rene
Rene Member Posts: 1 Novice Member Novice Member
edited October 2024 in Reckon One
Where do I let Recon know if my accounting is on a cash or accrual basis?

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  • Rav
    Rav Administrator, Reckon Staff Posts: 14,372 Reckon Community Manager Community Manager
    edited February 2017
    Hi Rene,

    Welcome to the Community

    Head into Settings > Tax Settings > General 

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  • Qwerty
    Qwerty Member Posts: 208 Novice Member Novice Member
    edited March 2017
    20 Feb 2017

    Hi Rene,

    My reply relates to Australian books however the same info applies for NZ & UK books however the accounting basis terminology is slightly different.

    So there are actually 2 areas that control this.

    For tax reports, navigate to Settings > Tax settings > General

    The tax reports applicable are:
    * GST Summary
    * Tax code transactions
    * BAS


    For the non-tax reports, navigate to Settings > Report settings > General

    The non-tax reports applicable are...
    * Profit and loss
    * Balance sheet
    * Trial balance
    * Account enquiry
    * Top 10 customers
    * Top 10 suppliers
    * Top 10 income accounts
    * Top 10 expense accounts
    * Dashboard widgets (Net position, Top customers, Top suppliers, Top income & Top expenses)
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