BAS + Cash & Accruals

BAS will take you through a step-by-step tour of the Business Activity Statement (BAS). EverTraining_Guidesy aspect of the most basic BAS will be explored and discussed. Layman's language is used throughout the text so it is accessible to all people, not just accountants. One of the main purposes of this text is to enable the learner to bridge the gap between a layman's knowledge of the BAS and the knowledge that will be required to process a BAS.

Cash and Accruals will lead the learner through the simple but challenging concepts of cash and accrual accounting techniques, and accounting for GST on a cash or non-cash (accruals) basis.  This text is based in common sense, and presented in layman’s terms. 

The concept of cash and accruals is probably one of the most misunderstood in accounting, and these misunderstandings play havoc with the learner's ability to operate accounting software effectively because the learner quite literally has very little idea of what they are doing in relation to the accounting software. If the learner is having trouble operating accounting software, in many instances this can be solely traced back to their misunderstandings relating to this subject. It is not that the learner cannot operate the accounting software in many instances; the learner quite simply has no or very little idea of what the accounting software is supposed to do. 

This text has been specifically written to dispel misconceptions, provide instruction and provide the learner with direct explanations relating to this subject.