The Tax Listing report within the Zavanti ERP General Ledger system can now generate reports on either an Accruals or Cash basis.
An option is available on the existing SUMMARY and DETAILED Tax Listing to show CASH VALUES ONLY based on CASH PAYMENTS and RECEIPTS. The user has the option to select 'CASH' based report where they would like to report their ATO BAS requirement on a Cash basis. This option will then only produce report CASH based transactions (Cash book) rather than the existing 'Accrual based' report.
Please note, you should consult your accountant when using Cash based reporting if you are currently using accrual method (standard)
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Note |
The Cash based report will only work with transaction data that has been generated after the installation of Zavanti version 10.1.2. if you have any questions please do not hesitate to contact Zavanti Support |