Accrual basis accounting

Does Solar Accounts support cash basis accounting as far as i can see it is accrual basis only?

Many thanks

Posted by Helen Ferguson on Nov 12, 2010 5:53 PM GMT

Hi Helen,

When producing the VAT return figures, Solar Accounts can use the 'cash basis' or 'accrual basis'. For all other figures and reports Solar Accounts uses the 'accrual basis'. Note that when preparing your corporation tax or income tax return HMRC will expect you to use an accrual basis.

Regards,

Posted by Mark McLaren (Solar Accounts) on Nov 13, 2010 2:33 PM GMT