Do You Account GST On A Cash Basis?
With our application, it’s possible for you to account for the GST payable on the sales you make in the reporting period you receive payment for them. And you claim GST credits for your purchases in the reporting period you pay for them.
How it works
This report is based on the payment date for both the customer and supplier.
It matches with the Bank General Ledger Movements for the selected period.
Transactions have to be posted in General Ledger for it to show in the report.
Payments have to be fully allocated (ie; no partial payments).
Each allocation should only contain one payment.