We have been on the accruals basis . As we are now an SBE we want to report on the cash basis for last quarter. Is this possible?

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We have been operating out business on the accruals basis as out turnover was over $2 million. Since the laws have changed and we are now an SBE we want to report on the cash basis for the June quarter. Is this possible as I cannot produce a tax summary on the cash basis.
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Melanie

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Posted 11 months ago

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John G, Information Support Analyst

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Hello Melanie,

Welcome to the Reckon Community.

Which product are you using?

In Reckon One, you can switch the reporting basis in Settings > Tax Settings > General, and the Reporting basis field.  


regards,
John
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Melanie

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Sorry I should have mentioned we are on Reckon Hosted


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John G, Information Support Analyst

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Thanks Melanie,

In Edit > Preferences > Tax > Company Preferences > set the Tax Reporting Basis to Cash.
In Reports & Graphs, set the Default Reporting to Cash.


regards,
John