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Can I use an accrual method of accounting but report on a cash basis?

April 26, 2017Accounting accrual basis cash method report

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Can I use an accrual method of accounting but report on a cash basis?

2 Answers

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If you are using MYOB BusinessBasics, MYOB FirstEdge, MYOB Accounting, MYOB Accounting Plus, MYOB Premier or MYOB AccountEdge, you can still use an accrual method of accounting. However, you still need to produce the cash-based reports in order to enter the correct figures for your cash-based BAS reporting.

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Posted

If you are using MYOB BusinessBasics, MYOB FirstEdge, MYOB Accounting, MYOB Accounting Plus, MYOB Premier or MYOB AccountEdge, you can still use an accrual method of accounting, but you still need to produce the cash-based reports in order to enter the correct figures for your cash-based BAS reporting.