cash or accrual?

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  • Updated 3 years ago
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Where do I let Recon know if my accounting is on a cash or accrual basis?
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Rene

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Posted 3 years ago

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Rav, Community Manager

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Hi Rene,

Welcome to the Community

Head into Settings > Tax Settings > GeneralĀ 

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Qwerty

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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)
(Edited)