CIS accruals

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

Best answer by Ashleigh1

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.

Level 14

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.

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?

Level 14

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.

Sign up