Cash or accrual
Choose when sales and purchases count for GST.
- Accrual: a sale or purchase counts in the period of the invoice or bill date, whether or not it's been paid.
- Cash: it counts when the money is received or paid, and only for the amount paid. A half-paid invoice counts half.
Most small businesses with turnover under $10 million can choose either. Use the same basis the ATO has on record for you.
Set it in Settings → Business & accounting → GST accounting basis. You can also prepare a draft on the other basis to compare.
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