If I create a sales order in Reckon Accounts, will I have to pay the GST on it before it is actually invoiced?

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  • Updated 11 months ago
If I create a sales order in Reckon Accounts, will I have to pay the GST on it before it is actually invoiced?
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Deb

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Posted 11 months ago

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Boodcon

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I am using Reckon Premier Accounts 2016.  My supervisor wants to create a sales order, create an invoice, then place as pending for approval when the goods have been delivered.

We operate on accrual based accounting, this appears to me to be operating the company on a cash basis as the GST doesnt flow through if that invoice is not paid within the BAS reporting cycle.

Can someone please advise me which is the correct methodology as not all orders have sales orders
when the item is sld.