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MyGreatIdea
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When you register you are given the option of either Cash or Accrual reporting…it’s up to each business to decide what’s best for them.

From my experience, small service businesses tend to be Cash as this helps their cash flow. Larger businesses tend to run Accrual as they run larger Trade Debtors balance. It allows the GST to balance off in the quarter the invoicing was done.

Wendy :)