Reporting on a Cash Basis in the Trust Tax Return

Modified on: Fri, 12 Jan, 2024 at 3:58 PM

There are two methods available for reporting on a Cash Basis in the Trust Tax Return

1. Select to import Financials on Cash Basis

2. Adjust out the non cash impact of debtors and creditors - (watch the video below)

This video shows on how to transform Net income (Acrrual) to Cash Basis.

Adjusting GST -

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