Changing from Cash to Accrual

donnamaro1
donnamaro1 Member Posts: 20 Reckoner Reckoner
in Accounts Hosted

Hi as of 1st July my client is changing from Cash to Accrual.

How do I make sure there's no double claiming of GST? Or is it going to be a manual cross check?

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  • Acctd4
    Acctd4 Accredited Partner Posts: 4,114 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    @donnamaro1

    Unfortunately, it will be a manual cross-check between the Cash v Accrual tax reports to omit any previously-reported payments 😬

    Have a group set memorised in Cash, then update the Preference & memorise an additional new set in Accrual

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)

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