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Explanation of Account Sales with ‘Accrual’ GST Accounting Basis

When a sale is made, and tendered on Account, the GST Amount is sent to MYOB with the sale amount.

 

Account Sale – Accrual

Sale of $50.00 Inclusive of GST and tendered on Account.

 

 

Account Payment – Accrual

A payment of $50 on Account.

 

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