Institute of Certified Bookkeepers
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BAS Reconciliation

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  • # 118953

Learning how to do BAS reconciliation at year end. This seems like such a silly question but could someone please explain why it is that A/R and A/P are taken into account when reporting on a cash basis? GST recvd - GST pd + A/R GST - A/P GST = Q4 BAS.
Thanks🙂

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