I have a new client who has been reporting GST quarterly on a cash basis to the ATO. Her mother was doing her books for her (:/) and had set Xero to Accrual basis so all of the lodgements made quarterly (Sept to March) were lodged on a Cash basis but using Accrual reports.
She's asked I fix things for the 2018/19 FY. I've not come across this before so want to sound out my thoughts on how to do this.
What I'm thinking I need to do is
>pull the full financial year reports based on a Cash Basis,
>export these, have additional worksheets which identify any items that have already been accounted for (in both the 2017/2018 FY and the March 2018/2019 Quarter).
>deduct any of the already reported on items in point 2 from my full fin year cash based reports.
Does the above sound correct? Have I missed anything? Is there anything esle I should look out for specifically?
Any feedback would be much appreciated.