Hi there,

I am not really sure weather to select Cash or Non-Cash option in the BAS Information Window in BusinessBasics. Can someone please explain the implications?

I submitted the 1st BAS with the Cash option, but now I am wondering if I should have selected Non-Cash. My clients pay after 30 days of Invoicing, so I am not sure how the 'Cash' option will affect the end of financial year.

Thanks in advnace.
Cheers.

I always suggest my clients keep their books on accrual and let their accountants make year end adjustments to cash accounting for taxes. Accrual is more accurate for business management purposes.