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Aug 16, 2021 2:06 PM UTC
Solved

CIS accruals

Where can i check if a company is setup for CIS accruals as opposed to cash?

Ashleigh1Answer
Aug 16, 2021 4:59 PM UTC

Thanks for coming back to us Keeper Acc,  To clarify reports and VAT can be switched between cash and accrual but CIS will always be cash. 

3 replies

Aug 16, 2021 3:56 PM UTC

Hello KeepAcc, 

 

Welcome to the Community page, 

 

So CIS is always ran on cash, regardless of the other settings in Quickbooks as it has to be reported on as cash. 

KeepAccAuthor
Aug 16, 2021 4:08 PM UTC

Hi Ashleigh1, thanks for that but when I set up the account on QBO it gave me an option to choose.  I now don't know how to get back to it?

Ashleigh1Answer
Aug 16, 2021 4:59 PM UTC

Thanks for coming back to us Keeper Acc,  To clarify reports and VAT can be switched between cash and accrual but CIS will always be cash.